SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 21, 1995
(November 20, 1995)
PUBLIC SERVICE COMPANY OF NEW MEXICO
(Exact Name of Registrant as Specified in its Charter)
Commission
New Mexico File Number 1-6986 85-0019030
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation) Identification Number)
Alvarado Square, Albuquerque, New Mexico 87158
(Address of Principal Executive Offices) (Zip Code)
(505) 241-2700
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address if Changed, Since Last Report)
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ITEM 5. Other Event
Ojo Line Extension ("OLE") Transmission Project
As previously reported, plans to construct the OLE transmission line, a proposed
345 Kv line connecting the existing Ojo 345 Kv line to the Norton station in
northern New Mexico, had faced considerable opposition by persons concerned
primarily about the environmental impacts of the project. OLE was designed to
provide a needed improvement to the northern transmission system in New Mexico
and to allow greater delivery of power into the Company's two largest service
territories, the greater Albuquerque area and the Santa Fe/Las Vegas area. In
July 1995, a New Mexico Public Utility Commission ("NMPUC") hearing examiner
issued a recommended decision, recommending disapproval of the project. The
Company filed exceptions to the recommended decision in August 1995. (See PART
I, ITEM 2.--"MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS--OTHER ISSUES FACING THE COMPANY--Transmission Issues--Ojo
Line Extension ("OLE") Transmission Project" in the Company's Quarterly Report
on Form 10-Q for the quarter ended June 30, 1995.)
On November 20, 1995, the NMPUC issued a final order, accepting in its entirety
the hearing examiner's recommendation. The Company has incurred approximately
$17 million for the OLE project and has previously established accounting
reserves as deemed appropriate. The Company intends to seek recovery of these
costs in future appropriate proceedings; however, an additional reserve will be
recorded in the fourth quarter.
On December 20, 1995, the Company filed a limited Motion for Rehearing,
accepting the NMPUC's determination that the OLE routing should not be pursued
but seeking reconsideration of various parts of the final order which discuss
system planning and reliability matters.
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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 hereunto duly authorized.
Public Service Company of New Mexico
(Registrant)
Date: December 21, 1995 /s/ Donna M. Burnett
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Donna M. Burnett
Corporate Controller and
Chief Accounting Officer
