PUBLIC SERVICE CO OF NEW MEXICO
3, 2000-03-07
ELECTRIC & OTHER SERVICES COMBINED
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
   PADILLA, EDWARD JR.
   ALVARADO SQUARE
   M. S. 2103
   ALBUQUERQUE, NM  87158
   BERNALILLO
2. Date of Event Requiring Statement (Month/Day/Year)
   02/07/00
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Issuer Name and Ticker or Trading Symbol
   PUBLIC SERVICE COMPANY OF NEW MEXICO
   PNM
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director  ( ) 10% Owner  (X) Officer (give title below) ( ) Other
   (specify below)
   SENIOR VICE PRESIDENT, BULK POWER MARKETING & DEVELOPMENT
6. If Amendment, Date of Original (Month/Day/Year)
   02/08/00
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Beneficially Owned                                                                           |
___________________________________________________________________________________________________________________________________|
1. Title of Security                       |2. Amount of          |3. Ownership    |4. Nature of Indirect                          |
                                           |   Securities         |   Form:        |   Beneficial Ownership                        |
                                           |   Beneficially       |   Direct(D) or |                                               |
                                           |   Owned              |   Indirect(I)  |                                               |
___________________________________________________________________________________________________________________________________|
<S>                                        <C>                    <C>              <C>
COMMON STOCK                               |349.256               |D               |                                               |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Beneficially Owned                                                                             |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Date Exer-       |3.Title and Amount     |         |4. Conver-|5. Owner-    |6. Nature of Indirect      |
  Security              |  cisable and      |  of Underlying        |         |sion or   |ship         |   Beneficial Ownership    |
                        |  Expiration       |  Securities           |         |exercise  |Form of      |                           |
                        |  Date(Month/      |-----------------------|---------|price of  |Deriv-       |                           |
                        |  Day/Year)        |                       |Amount   |deri-     |ative        |                           |
                        | Date    | Expira- |                       |or       |vative    |Security:    |                           |
                        | Exer-   | tion    |         Title         |Number of|Security  |Direct(D) or |                           |
                        | cisable | Date    |                       |Shares   |          |Indirect(I)  |                           |
___________________________________________________________________________________________________________________________________|
<S>                     <C>       <C>       <C>                     <C>       <C>        <C>           <C>
OPTIONS                 |06/30/96 |07/01/03 |COMMON STOC,K          |4,268    |$13.7500  |D            |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
OPTIONS                 |06/30/96 |12/31/04 |COMMON STOCK           |5,546    |$13.0000  |D            |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
OPTIONS                 |06/30/96 |12/31/05 |COMMON STOCK           |3,802    |$17.6250  |D            |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
OPTIONS                 |12/31/99 |12/31/06 |COMMON STOCK           |2,765    |$19.6250  |D            |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
OPTIONS                 |12/31/00 |12/31/07 |COMMON STOCK           |3,368    |$23.6875  |D            |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
OPTIONS                 |02/08/02 |02/08/09 |COMMON STOCK           |7,250    |$17.500   |D            |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
OPTIONS                 |02/07/03 |02/07/10 |COMMON STOCK           |20,000   |$15.8125  |D            |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:



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