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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) February 17, 1995
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(February 14, 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) 848-2700
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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
Palo Verde Lease Obligation Bonds ("LOBs")
On February 14, 1995, the Company and First PV Funding Corporation ("First
PV") announced that they have amended their solicitation of contents and
invitation (i) to change the range of prices within which holders of 10.3%
LOBs Series 1986A due 2014, and 10.15% LOBs Series 1986B due 2016 are invited
to sell such bonds to the Company to prices not greater than $1,020 nor less
than $960 per $1,000 principal amount of bonds, (ii) to modify the proposed
amendments to delete certain provisions relating to certain special optional
redemptions of bonds and (iii) to extend, until 12:00 midnight, New York City
time, on Wednesday, March 1, 1995, the solicitation of consents and
invitation.
As previously reported, on January 12, 1995, the Company and First PV
commenced the solicitation of consents to certain proposed amendments to the
Indenture governing the 10.3% LOBs Series 1986A due 2014, 9.125% LOBs Series
1986A due 1996, 10.15% LOBs Series 1986B due 2016 and 8.95% LOBs Series 1986B
due 1997, and First PV commenced the invitation to holders of LOBs maturing
in 2014 and 2016 to offer to sell LOBs for cash at prices designated by such
holders within a range established by the Company. (See the Company's
current report on Form 8-K dated January 26, 1995.) The solicitation and
invitation were to have expired at 5:00 p.m., New York City time, on Friday,
February 17, 1995, as previously extended.
The Company and First PV were advised by Chemical Bank, the depository for
the solicitation and invitation, that, as of the close of business on Monday,
February 13, 1995, $7,750,000 aggregate principal amount of LOBs maturing in
2014 and $7,681,000 aggregate principal amount of LOBs maturing in 2016 had
been validly tendered and not withdrawn in the invitation.<PAGE>
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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: February 17, 1995 /s/ Donna M. Burnett
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Donna M. Burnett
Corporate Controller and
Chief Accounting Officer
