<PAGE>
This is a confirming electronic filing of a 13G
which was filed on February 13, 1996
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._________)*
Public Service Company of New Mexico
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $5.00 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
744499104
---------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 10 Pages
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CUSIP NO. 744499104 13G Page 2 of 10 Pages
- ------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Boston Partners Asset Management, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
SHARES -----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 2,184,008 shares
REPORTING -----------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
-0- shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,184,008 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,184,008 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [_]
SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 744499104 13G Page 3 of 10 Pages
- ------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Boston Partners, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,184,008 shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,184,008 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,184,008 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [_]
SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 744499104 13G Page 4 of 10 Pages
- ------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Desmond John Heathwood
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
Not applicable
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0- shares
-----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,184,008 shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0- shares
-----------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
2,184,008 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,184,008 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [_]
SHARES*
Not applicable
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer: Public Service Company of New Mexico (the
--------------
"Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
Alvarado Square, Albuquerque, NM 87158
Item 2(a). Names of Persons Filing: Boston Partners Asset Management, L.P.
-----------------------
("BPAM"), Boston Partners, Inc. ("Boston Partners"), and Desmond
John Heathwood. BPAM and Boston Partners and Mr. Heathwood are
sometimes referred to collectively herein as the "Reporting
Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence: The
-----------------------------------------------------------
address of the principal business office of BPAM and Boston
Partners and Mr. Heathwood is One Financial Center, 43rd Floor,
Boston, MA 02111.
Item 2(c). Citizenship: BPAM is a Delaware limited partnership. Boston
-----------
Partners is a Delaware corporation. Mr. Heathwood is a United
States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $5.00 par value
----------------------------
("Common Stock").
Item 2(e). CUSIP Number: 744499104
------------
Page 5 of 10 Pages
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Item 3. If this statement is filed pursuant to Rules 13d-
-------------------------------------------------
1(b), or 13d-2(b), check whether the person filing is a:
--------------------------------------------------------
(a) [ ] Broker or Dealer eegistered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) [ X ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule 13d-
1(b)(1)(ii)(F) of the Act.
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
the Act.
Item 4. Ownership.
---------
(a) Amount Beneficially Owned: This statement is being filed to report
that as of December 31, 1995, each of the Reporting Persons may be
deemed to own beneficially 2,184,008 shares of Common Stock of the
Issuer. BPAM owns of record 2,184,008 shares of Common Stock. As
sole general partner of BPAM, Boston Partners may be deemed to own
beneficially all of the shares of Common
Page 6 of 10 Pages
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Stock owned beneficially by BPAM, a total of 2,184,008 shares. As
principal stockholder of Boston Partners, Mr. Heathwood may be deemed
to own beneficially the shares owned beneficially by Boston Partners,
a total of 2,184,008 shares.
(b) Percent of Class: 5.2% for all Reporting Persons. The foregoing
percentage is calculated based on the 41,774,083 shares of Common
Stock reported to be outstanding in the Form 10-Q for the fiscal
quarter ended September 30, 1995.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares for all
Reporting Persons.
(ii) shared power to vote or to direct the vote: 2,184,008 shares
for all Reporting Persons.
(iii) sole power to dispose or to direct the disposition of: 0
shares for all Reporting Persons.
(iv) shared power to dispose or to direct the disposition of:
2,184,008 shares for all Reporting Persons.
Pursuant to Rule 13d-4, each of Boston Partners and Mr. Heathwood
expressly disclaims beneficial ownership of any shares of Common Stock
of the Issuer.
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of
------------------------------------------------
Another Person.
--------------
BPAM holds all of the above 2,184,008 shares under management for its
clients, who have the right to direct the receipt of dividends, to
receive dividends from such shares and to receive the proceeds from
the sale of such shares. None of these clients holds more than five
percent of the Common Stock of the Issuer.
Page 7 of 10 Pages
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Item 7. Identification and Classification of the Subsidiary
---------------------------------------------------
Which Acquired the Security Being Reported on by the
----------------------------------------------------
Parent Holding Company.
----------------------
Not applicable.
Item 8. Identification and Classification of Members of the Group.
---------------------------------------------------------
Not applicable. BPAM, Boston Partners and Mr. Heathwood expressly
disclaim membership in a "group" as defined in Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group.
------------------------------
Not applicable.
Item 10. Certification.
-------------
By signing below we certify that, to the best of our knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection with
or as a participant in any transaction having such purpose or effect.
Page 8 of 10 Pages
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SIGNATURE
---------
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. We also hereby agree to file this statement jointly pursuant to the
agreement set forth as Exhibit 1 hereto.
Dated: February 12, 1996
BOSTON PARTNERS ASSET MANAGEMENT, L.P.
By: Boston Partners, Inc.,
its general partner
By: /s/Desmond John Heathwood
-------------------------
Desmond John Heathwood
President
BOSTON PARTNERS, INC.
By: /s/Desmond John Heathwood
-------------------------
Desmond John Heathwood
President
/s/Desmond John Heathwood
- -------------------------
Desmond John Heathwood
Page 9 of 10 Pages
<PAGE>
Exhibit 1
---------
AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of
1934, the undersigned hereby agree that only one statement containing the
information required by Schedule 13G need be filed with respect to the ownership
by each of the undersigned of shares of Common Stock of Public Service Company
of New Mexico.
This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original.
EXECUTED this 12th day of February, 1996.
BOSTON PARTNERS ASSET MANAGEMENT, L.P.
By: Boston Partners, Inc.,
its general partner
By: /s/Desmond John Heathwood
-------------------------
Desmond John Heathwood
President
BOSTON PARTNERS, INC.
By: /s/Desmond John Heathwood
-------------------------
Desmond John Heathwood
President
/s/Desmond John Heathwood
- -------------------------
Desmond John Heathwood
Page 10 of 10 Pages
