PUBLIC SERVICE CO OF NEW MEXICO
8-K, 2000-06-08
ELECTRIC & OTHER SERVICES COMBINED
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT



                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITES EXCHANGE ACT OF 1934


     Date of Report (Date of earliest events reported)   June 8, 2000
                                                         -----------------
                                                         June 6, 2000
                                                         -----------------

                      PUBLIC SERVICE COMPANY OF NEW MEXICO
                      ------------------------------------
             (Exact name of registrant as specified in its charter)


          New Mexico              Commission                  85-0019030
  ---------------------------     File Number 1-6986    ----------------------
 (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, former address and former fiscal year,
                         if changed since last report)



<PAGE>


Item  5.   Other Event

The following is Public Service  Company of New Mexico's press release issued on
June 6, 2000 and is being filed herewith as a current event.

PNM Declares Common and Preferred Stock Dividend

Albuquerque,  N.M.,  June 6, 2000 -- The Board of  Directors  of PNM, the Public
Service Company of New Mexico  (NYSE:PNM),  today declared the regular quarterly
dividend  of $0.20 per share on common  stock and  $1.145  per share on the 4.58
percent series of cumulative preferred stock.

The  indicated  annual  common  stock  dividend  rate of 80 cents  per  share is
unchanged from the previous quarter.  The dividend is payable August 18, 2000 to
shareholders of record on August 2, 2000.

The dividend on the preferred stock is payable July 15, 2000, to shareholders of
record on July 1, 2000.

PNM  operates a combined  electric  and gas utility  serving  approximately  1.3
million people in New Mexico and sells power on the wholesale market. Avistar, a
wholly-owned subsidiary of PNM, operates an advanced meter servicing business in
California  and  Nevada,  offers  energy  and  water  management  solutions  for
government  and  institutional  clients  in  the  Southwest,  and  is  assisting
e-commerce  provider  AMDAX.com in launching an  Internet-based  energy  auction
system. PNM stock is traded primarily on the NYSE under the symbol PNM.


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<PAGE>


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 thereunto duly authorized.

                                   PUBLIC SERVICE COMPANY OF NEW MEXICO
                                   ------------------------------------------
                                              (Registrant)


Date:  June 8, 2000                             /s/ John R. Loyack
                                   ------------------------------------------
                                                   John R. Loyack
                                        Vice President, Corporate Controller
                                            and Chief Accounting Officer
                                   (Officer duly authorized to sign this report)






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