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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) June 2, 1995
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(May 22, 1995)
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PUBLIC SERVICE COMPANY OF NEW MEXICO
(Exact Name of Registrant as Specified in its Charter)
Commission
New Mexico File Number 1-6986 85-0019030
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(State or Other Jurisdiction (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)
(Former Name or Former Address if Changed, Since Last Report)
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ITEM 5. Other Event
Sale of Sangre de Cristo Water Company ("SDCW")
As previously reported, in February 1994, the Company and the City of Santa
Fe (the "City") entered into a purchase and sale agreement for the Company's
water division. (See PART II, ITEM 7.--"MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS--OTHER ISSUES FACING THE
COMPANY--SALE OF SDCW" in the Company's Annual Report on Form 10-K for the
year ended December 31, 1994 and PART I, ITEM 2 in the Company's Quarterly
Report on Form 10-Q for the quarter ended March 31, 1995.)
On May 22, 1995, the Company received a final order from the New Mexico
Public Utility Commission, approving the sale of SDCW to the City. The
Company currently expects to close approximately on June 30, 1995. As a part
of the sales agreement, the Company will continue to operate the water
utility for up to four years for a fee under contract to the City.
The Company expects to apply the cash proceeds from the sale to repay short-
term borrowings incurred for the retirement of Palo Verde Lease Obligation
Bonds in March 1995.
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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: June 2, 1995 /s/ Donna M. Burnett
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Donna M. Burnett
Corporate Controller and
Chief Accounting Officer
