UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITES EXCHANGE ACT OF 1934
Date of Report (Date of earliest events reported) January 9, 2002
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(January 9, 2002)
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PUBLIC SERVICE COMPANY OF NEW MEXICO
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(Exact name of registrant as specified in its charter)
New Mexico Commission 85-0019030
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(State or Other Jurisdiction File Number 1-6986 (I.R.S. Employer
of Incorporation) Identification) Number)
Alvarado Square, Albuquerque, New Mexico 87158
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(Address of principal executive offices) (Zip Code)
(505) 241-2700
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(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
Item 5. Other Events
The following is a press release issued by the Company on January 9, 2002 and is
being filed herein under Item 5. Other Events.
PNM Announces New Power Plant in Southern New Mexico
ALBUQUERQUE, N.M., January 9, 2002 - PNM Resources (NYSE:PNM) announced today
that its wholly-owned subsidiary, Public Service Company of New Mexico, plans to
build an 80-megawatt, natural gas-fired generating plant in Lordsburg, New
Mexico.
The Lordsburg city council has agreed to support the issuance of $60 million in
industrial revenue bonds to help finance the new plant in that city. The bonds
will be issued under an ordinance adopted by the City in the next approximately
60 days.
Construction of the plant is expected to begin as soon as PNM receives an air
quality permit from the New Mexico Environment Department later this month. The
plant is expected to begin operations by July 2002.
PNM will also build a new switching station to tie the Lordsburg plant to a
115-kilovolt line owned by Texas-New Mexico Power Company. Fuel for the plant
will be supplied by regional El Paso Natural Gas lines and will primarily come
from New Mexico.
The Lordsburg plant is the second addition to the PNM generation portfolio
announced in the past two months. In November, 2001, officials broke ground on a
135-MW plant near Las Cruces, New Mexico. Both plants will be merchant
facilities, planned to serve PNM's expanding wholesale marketing operation
rather than the utility's retail customers in New Mexico.
PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its
principal subsidiary is Public Service Company of New Mexico, which provides
electric power and natural gas utility services to more than 1.3 million people
in New Mexico. The company also sells power on the wholesale market in the
Western U.S. PNM Resources stock is traded primarily on the NYSE under the
symbol PNM.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PUBLIC SERVICE COMPANY OF NEW MEXICO
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(Registrant)
Date: January 9, 2002 /s/ John R. Loyack
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John R. Loyack
Vice President, Corporate Controller
and Chief Accounting Officer
(Officer duly authorized to sign this report)
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