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)  April 24, 2002
                                                           --------------
                                                          (April 23, 2002)
                                                           --------------



                               PNM RESOURCES, INC.
                               -------------------
             (Exact name of registrant as specified in its charter)


          New Mexico                  Commission               85-0468296
-----------------------------                            -----------------------
(State or Other Jurisdiction     File Number 333-32170      (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)



                                     



Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

(c)      Exhibits

99.1      Quarter Ended March 31, 2002 Earnings Announcement; Unaudited
          Consolidated Statement of Earnings - Three Months Ended March 31, 2002
          and 2001; Unaudited Consolidated Balance Sheet as of March 31, 2002
          and Audited Consolidated Balance Sheet as of December 31, 2001;
          Unaudited Consolidated Statement of Cash Flows - Three Months Ended
          March 31, 2002 and 2001; and Comparative Operating Statistics - Three
          Months Ended March 31, 2002 and 2001.

99.2      Other Select Financial Information

Item 9.    Regulation FD Disclosure

The Company is filing as exhibit to this Form 8-K its Quarter Ended March 31,
2002 Earnings Announcement; Unaudited Consolidated Statement of Earnings;
Unaudited Consolidated Balance Sheets; Unaudited Consolidated Statement of Cash
Flows; and Comparative Operating Statistics.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release that relate to future events are made
pursuant to the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based upon current expectations and the company
assumes no obligation to update this information. Because actual results may
differ materially from expectations, the company cautions readers not to place
undue reliance on these statements. A number of factors, including weather, fuel
costs, changes in supply and demand in the market for electric power, the
performance of generating units and transmission system and uncertainties
relating to PNM's litigation with Western Resources and related costs, and state
and federal regulatory and legislative decisions and actions, including the
wholesale electric power pricing mitigation plan ordered by the Federal Energy
Regulatory Commission (FERC) on June 18, 2001, rulings issued by the New Mexico
Public Regulation Commission (NMPRC) pursuant to the Electric Utility Industry
Restructuring Act of 1999, as amended, and in other cases now pending or which
may be brought before the FERC or NMPRC could cause PNM operating revenues and
earnings to differ from results forecast in this news release. For a detailed
discussion of the important factors affecting PNM Resources, please see
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in the Company's Form 10-K for the year ended December 31, 2001,
Form 10-Q and Form 8-K filings with the Securities and Exchange Commission.


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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 thereunto duly authorized.

                                                PNM RESOURCES, INC.
                                    --------------------------------------------
                                                   (Registrant)


Date:  April 24, 2002                          /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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