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<PAGE>
EXHIBIT 23.2
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors and Shareholders of
Texas-New Mexico Power Company:
As independent public accountants, we hereby consent to the use of our report
dated February 16, 2000, and to all references to our Firm included in this
(Form S-4) registration statement.
ARTHUR ANDERSEN LLP
Fort Worth, Texas,
October 19, 2000
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