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<head>


<title>Form S-8</title>


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<div class=Section1>

<p class=MsoNormal style='text-autospace:none'><b><font size="2">As filed with the Securities
and Exchange Commission on May 17, 2005</font></b></p>

<p class=MsoNormal align=right style='text-align:right;text-autospace:none'><b>
<font size="2">Registration
No. 333-</font></b><font size="2">______</font></p>

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  <p class=MsoNormal style='text-autospace:none'>&nbsp;</p>
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<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">UNITED STATES SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON,
DC 20549<br>
</font><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</font> </u><font size="2">FORM S-8<br>
REGISTRATION
STATEMENT UNDER<br>
THE
SECURITIES ACT OF 1933<br>
</font><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</font> </u><font size="2">PNM Resources, Inc.<br>
</font></b><font size="2">(Exact Name of Registrant as Specified in Its Charter)</font></p>



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  <td width=199 valign=top style='width:149.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
	<font size="2">New
  Mexico</font></b></p>
  </td>
  <td width=318 valign=top style='width:238.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=193 valign=top style='width:144.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
	<font size="2">85-0468296</font></b></p>
  </td>
 </tr>
 <tr>
  <td width=199 valign=top style='width:149.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">(State or Other Jurisdiction of <br>
  Incorporation or Organization)</font></p>
  </td>
  <td width=318 valign=top style='width:238.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=193 valign=top style='width:144.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">(I.R.S. Employer <br>
  Identification No.)</font></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='margin-top:3.0pt;text-align:center;
text-autospace:none'><b><font size="2">Alvarado Square, Albuquerque, New Mexico
87158<br>
</font></b><font size="2">(Address of Principal Executive Offices) (Zip Code)</font></p>



<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">Amended
and Restated<br>
Omnibus Performance Equity Plan<br>
</font></b><font size="2">(Full Title of the Plan)</font></p>



<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">John
R. Loyack<br>
Senior
Vice President and Chief Financial Officer<br>
Alvarado Square<br>
Albuquerque, New Mexico 87158<br>
</font></b><font size="2">&nbsp;(Name
and Address of Agent For Service)</font></p>



<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">(505)
241-2700<br>
</font></b><font size="2">(Telephone Number, Including Area Code, of Agent for
Service)<br>
</font><b><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</font> </u><font size="2">With
copy to:<br>
Jeffrey
E. Beck<br>
Snell &amp; Wilmer L.L.P.<br>
400
East Van Buren Street<br>
Phoenix,
Arizona 85004-0001<br>
(602)
382-6000<br>
</font><u>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </u></b></p>

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  <td width=710 colspan=5 style='width:7.4in;border:none;border-bottom:solid windowtext 1.5pt;
  padding:0in 5.75pt 0in 5.75pt;height:17.55pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<b>
	<font size="2">CALCULATION
  OF REGISTRATION FEE</font></b></p>
  </td>
 </tr>
 <tr style='height:27.85pt'>
  <td width=200 valign=bottom style='width:149.75pt;border:none;border-bottom:
  solid windowtext 1.5pt;padding:0in 5.75pt 0in 5.75pt;height:27.85pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:3.25pt;
  margin-bottom:1.0pt;margin-left:0in;text-align:center;text-autospace:none'><b>
	<font size="2">Title of Each Class of Securities<br>
  To Be Registered</font></b></p>
  </td>
  <td width=126 valign=bottom style='width:94.5pt;border:none;border-bottom:
  solid windowtext 1.5pt;padding:0in 5.75pt 0in 5.75pt;height:27.85pt'>
  <p class=MsoNormal align=center style='margin-bottom:1.0pt;text-align:center;
  text-autospace:none'><b><font size="2">Amount To Be Registered
  (1)</font></b></p>
  </td>
  <td width=132 valign=bottom style='width:99.0pt;border:none;border-bottom:
  solid windowtext 1.5pt;padding:0in 5.75pt 0in 5.75pt;height:27.85pt'>
  <p class=MsoNormal align=center style='margin-bottom:1.0pt;text-align:center;
  text-autospace:none'><b><font size="2">Proposed Maximum<br>
  Offering Price <br>
  Per Share (2)</font></b></p>
  </td>
  <td width=138 valign=bottom style='width:103.5pt;border:none;border-bottom:
  solid windowtext 1.5pt;padding:0in 5.75pt 0in 5.75pt;height:27.85pt'>
  <p class=MsoNormal align=center style='margin-bottom:1.0pt;text-align:center;
  text-autospace:none'><b><font size="2">Proposed Maximum<br>
  Aggregate <br>
  Offering Price (2)</font></b></p>
  </td>
  <td width=115 valign=bottom style='width:86.05pt;border:none;border-bottom:
  solid windowtext 1.5pt;padding:0in 5.75pt 0in 5.75pt;height:27.85pt'>
  <p class=MsoNormal align=center style='margin-bottom:1.0pt;text-align:center;
  text-autospace:none'><b><font size="2">Amount of Registration
  Fee</font></b></p>
  </td>
 </tr>
 <tr style='height:14.8pt'>
  <td width=200 style='width:149.75pt;border:none;border-bottom:solid windowtext 1.5pt;
  padding:0in 5.75pt 0in 5.75pt;height:14.8pt'>
  <p class=MsoNormal align=center style='margin-right:3.25pt;text-align:center;
  text-autospace:none'><font size="2">Common Stock (no par
  value)</font></p>
  </td>
  <td width=126 style='width:94.5pt;border:none;border-bottom:solid windowtext 1.5pt;
  padding:0in 5.75pt 0in 5.75pt;height:14.8pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">4,500,000</font></p>
  </td>
  <td width=132 style='width:99.0pt;border:none;border-bottom:solid windowtext 1.5pt;
  padding:0in 5.75pt 0in 5.75pt;height:14.8pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">$27.19</font></p>
  </td>
  <td width=138 style='width:103.5pt;border:none;border-bottom:solid windowtext 1.5pt;
  padding:0in 5.75pt 0in 5.75pt;height:14.8pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">$122,355,000</font></p>
  </td>
  <td width=115 style='width:86.05pt;border:none;border-bottom:solid windowtext 1.5pt;
  padding:0in 5.75pt 0in 5.75pt;height:14.8pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">$14,401</font></p>
  </td>
 </tr>
</table>



<p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:3.0pt;
margin-left:.25in;text-indent:-.25in;text-autospace:none'><font size="2">(1)&nbsp;&nbsp; Estimated solely for the purpose of calculating
the amount of the registration fee, pursuant to Rules 457(c) and 457(h) of the
Securities Act, on the basis of the closing price of the Registrant's shares of
Common Stock on May 13, 2005.</font></p>

<p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:3.0pt;
margin-left:.25in;text-indent:-.25in;text-autospace:none'><font size="2">(2)&nbsp;&nbsp; In the event of a stock split, stock dividend,
or similar transaction involving the Registrant's Common Stock, in order to
prevent dilution, the number of shares registered shall be automatically
increased to cover the additional shares in accordance with Rule 416(a) under
the Securities Act of 1933, as amended.</font></p>

<p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:.25in;text-indent:-.25in;text-autospace:none'><font size="2">(3)&nbsp;&nbsp; In addition, pursuant to Rule 416(c) under the
Securities Act of 1933, this registration statement also covers an
indeterminate amount of securities to be offered or sold to the employee
benefit plan described herein.</font></p>

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  <td width=710 valign=top style='width:7.4in;border-top:solid windowtext 1.5pt;
  border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none;
  padding:0in 5.4pt 0in 5.4pt;height:4.35pt'>
  <p class=MsoNormal style='text-autospace:none'>&nbsp;</p>
  </td>
 </tr>
</table>



</div>

<hr color="#000080"><font size="2"><br clear=all
style='page-break-before:always'>


</font>


<div class=Section2>

<p class=MsoBodyText style='margin-bottom:12.0pt;text-indent:.5in'>
<font size="2">This
Registration Statement relates to Form S-8 Registration Statement No. 333-76288,
filed on January 4, 2002, pursuant to which the Registrant registered 3,750,000
shares of common stock for issuance under the PNM Resources, Inc. Omnibus
Performance Equity Plan (the &quot;Plan&quot;) (as adjusted to reflect an increase
resulting from a 3-for-2 stock split effective June 11, 2004). </font> </p>

<p class=MsoBodyText style='margin-bottom:12.0pt;text-indent:.5in'>
<font size="2">The contents
of that registration statement are incorporated by reference herein pursuant to
General Instruction E to Form S-8. This Registration Statement relates to the
amendment of the Plan. The Plan has been amended to (i) increase the number of
shares of common stock authorized to be issued thereunder from 3,750,000 shares
to 8,250,000 shares, (ii) permit nonemployee directors to participate in the
Plan, (iii) extend the term of the Plan from December 2010 until December 31,
2015 and (iv) make changes to facilitate compliance with Section 409A of the
Internal Revenue Code of 1986, as amended.&nbsp; The previously paid filing fees
associated with the referenced securities under the registration statement are
$16,861.45.</font></p>

<hr color="#000080"><font size="2"><br clear=all
style='page-break-before:always'>


</font>


<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">PART
II</font></b></p>

<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</font></b></p>



<p class=MsoNormal style='text-autospace:none'><b><font size="2">Item 8. Exhibits.</font></b></p>



<p class=MsoBodyText><font size="2">The following opinions and consents are filed with this
Registration Statement.</font></p>



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 style='width:491.4pt;border-collapse:collapse'>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoNormal style='text-autospace:none;border:none;padding:0in'><b>
	<font size="2">Exhibit
  Number</font></b></p>
  </div>
  </td>
  <td width=390 valign=top style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;
  margin-left:8.2pt;margin-right:12.6pt'>
  <p class=MsoNormal style='text-autospace:none;border:none;padding:0in'><b>
	<font size="2"><br>
  Description</font></b></p>
  </div>
  </td>
  <td width=198 valign=top style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;
  margin-left:0in;margin-right:12.6pt'>
  <p class=MsoNormal style='text-autospace:none;border:none;padding:0in'><b>
	<font size="2"><br>
  Page or Method of Filing </font> </b></p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=390 valign=top style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=198 valign=top style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">4.1</font></p>
  </td>
  <td width=390 valign=top style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.2pt;text-autospace:none'>
	<font size="2">PNM
  Resources, Inc. Amended and Restated Omnibus Performance Equity Plan</font></p>
  </td>
  <td width=198 valign=top style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">Filed herewith</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">15</font></p>
  </td>
  <td width=390 valign=top style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.2pt;text-autospace:none'>
	<font size="2">Letter
  regarding Unaudited Interim Financial Information</font></p>
  </td>
  <td width=198 valign=top style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">Filed herewith</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">23</font></p>
  </td>
  <td width=390 valign=top style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.2pt;text-autospace:none'>
	<font size="2">Consent of Independent
  Registered Public Accounting Firm </font> </p>
  </td>
  <td width=198 valign=top style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">Filed herewith</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">24</font></p>
  </td>
  <td width=390 valign=top style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.2pt;text-autospace:none'>
	<font size="2">Power of
  Attorney</font></p>
  </td>
  <td width=198 valign=top style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">See Signature Page</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=390 valign=top style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=198 valign=top style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
</table>



<p class=MsoNormal style='text-autospace:none'><font size="2">An opinion of counsel as to the
valid issuance of the securities being registered under this registration
statement is not required because the securities will not be original issuance
securities.&nbsp; If that situation should change, an appropriate opinion of counsel
will be filed.</font></p>

</div>

<hr color="#000080"><font size="2"><br clear=all
style='page-break-before:always'>


</font>


<div class=Section3>

<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">SIGNATURES</font></b></p>



<p class=MsoBodyText style='margin-bottom:12.0pt;text-indent:.5in'>
<font size="2">Pursuant to
the requirements of the Securities Act of 1933, PNM Resources, Inc. certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this registration statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Albuquerque, State of New Mexico, on May 17, 2005.</font></p>

<p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:3.0in'><font size="2">PNM RESOURCES, INC.</font></p>

<p class=MsoNormal style='margin-left:3.0in'><font size="2">By: </font> <u>
<font size="2">/s/ Jeffry E. Sterba&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</font> </u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jeffry E. Sterba<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chairman, President and <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chief Executive Officer</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size="2">POWER OF ATTORNEY</font></b></p>

<p class=MsoBodyText style='text-indent:.5in; margin-bottom:12.0pt'>
<font size="2">&nbsp;KNOW ALL MEN
BY THESE PRESENTS, that each person whose signature appears below, hereby constitutes
and appoints Jeffry E. Sterba, John R. Loyack, and Thomas G. Sategna, and each
of them, his or her true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution, for him or her and in his or her
name, place and stead, in any and all capacities, to sign any or all amendments
to this registration statement, including post-effective amendments and any
registration statement filed pursuant to Rule 462(b) under the Securities Act
of 1933, and to file the same, with all exhibits thereto and other documents in
connection therewith, with the Commission, granting unto said attorneys-in-fact
and agents, and each of them, full power and authority to do and perform each
and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he or she might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, and each of them, or the substitute or substitutes of any or all of them,
may lawfully do or cause to be done by virtue hereof.</font></p>

<p class=MsoBodyText style='text-indent:.5in'><font size="2">Pursuant to the requirements of
the Securities Act of 1933, this registration statement has been signed by the
following persons in the capacities and on the date indicated.</font></p>


<div class=Section1>



<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=710
 style='width:532.6pt;margin-left:-47.7pt;border-collapse:collapse;mso-padding-alt:
 0in 0in 0in 0in'>

  <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid'>
   <td width=9 style='width:6.9pt;padding:0in 0in 0in 0in'>

   </td>
   <td width=255 colspan=2 valign=bottom style='width:191.55pt;padding:0in 5.75pt 0in 5.75pt'>
   <p class=MsoNormal align=center style='text-align:center'><u><font size="2">Signature</font></u></p>
   </td>
   <td width=299 valign=bottom style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt'>
   <p class=MsoNormal align=center style='text-align:center'><u><font size="2">Title</font></u></p>
   </td>
   <td width=146 valign=bottom style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt'>
   <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
   </font>
   <u><font size="2">Date</font></u></p>
   </td>
  </tr>
  <tr style='mso-yfti-irow:1;page-break-inside:avoid'>
   <td width=9 style='width:6.9pt;padding:0in 0in 0in 0in'>

   </td>
   <td width=255 colspan=2 valign=bottom style='width:191.55pt;padding:0in 5.75pt 0in 5.75pt'>

   </td>
   <td width=299 valign=bottom style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt'>

   </td>
   <td width=146 valign=bottom style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt'>

   </td>
  </tr>

 <tr style='mso-yfti-irow:2;page-break-inside:avoid'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Jeffry E. Sterba</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:.5in'><font size="2">Chairman, President and Chief <br>
  Executive Officer; Director (Principal<br>
  Executive Officer)</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">May 17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:3;page-break-inside:avoid;height:23.0pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:23.0pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:23.0pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">Jeffry
  E. Sterba</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:4;page-break-inside:avoid'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ John R. Loyack</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:.5in'><font size="2">Senior Vice President and Chief<br>
  Financial Officer (Principal Financial <br>
  Officer)</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">May 17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:5;page-break-inside:avoid;height:22.4pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:22.4pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:22.4pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">John R. Loyack</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:6;page-break-inside:avoid;height:15.75pt'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:15.75pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Thomas G. Sategna</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.75pt'>
  <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:.5in'><font size="2">Vice President and Corporate<br>
  Controller (Principal Accounting
  Officer)</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.75pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">May 17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:7;page-break-inside:avoid;height:21.05pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:21.05pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:21.05pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">Thomas G. Sategna</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:8;page-break-inside:avoid;height:15.75pt'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:15.75pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Adelmo E. Archuleta</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.75pt'>
  <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:.5in'><font size="2">Director</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.75pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">May 17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:9;page-break-inside:avoid;height:22.5pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:22.5pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:22.5pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">Adelmo
  E. Archuleta</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:10;page-break-inside:avoid'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Robert G. Armstrong</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:.5in'><font size="2">Director</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">May 17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:11;page-break-inside:avoid;height:19.8pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:19.8pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:19.8pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">Robert G. Armstrong</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:12;page-break-inside:avoid'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Julie A. Dobson</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:.5in'><font size="2">Director</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">May 17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:13;page-break-inside:avoid;height:21.15pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:21.15pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:21.15pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">Julie A. Dobson</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:14;page-break-inside:avoid;height:15.75pt'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:15.75pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Charles E. McMahen</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.75pt'>
  <p class=MsoNormal style='margin-left:.5in'><font size="2">Director</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.75pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">May
  17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:15;page-break-inside:avoid;height:20.6pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:20.6pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:20.6pt'>
  <p class=MsoNormal align=center style='margin-top:0in;margin-right:0in;
  margin-bottom:6.0pt;margin-left:.5in;text-align:center'><font size="2">Charles E. McMahen</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:16;page-break-inside:avoid;height:18.35pt'>
  <td width=265 colspan=3 valign=top style='width:198.45pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:18.35pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Manuel T. Pacheco</font></p>
  </td>
  <td width=299 rowspan=2 valign=top style='width:224.45pt;padding:0in 5.75pt 0in 5.75pt;
  height:18.35pt'>
  <p class=MsoNormal style='margin-left:.5in'><font size="2">Director</font></p>
  </td>
  <td width=146 rowspan=2 valign=top style='width:109.7pt;padding:0in 5.75pt 0in 5.75pt;
  height:18.35pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">May
  17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:17;mso-yfti-lastrow:yes;page-break-inside:avoid;
  height:19.7pt'>
  <td width=13 colspan=2 style='width:9.45pt;padding:0in 0in 0in 0in;
  height:19.7pt'>

  </td>
  <td width=252 valign=top style='width:189.0pt;padding:0in 5.75pt 0in 5.75pt;
  height:19.7pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">Manuel
  T. Pacheco</font></p>
  </td>
 </tr>
</table>

</div>

<p class="MsoNormal">&nbsp;</p>

<hr color="#000080"><font size="2"><br clear=all
style='page-break-before:always'>


</font>


<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='width:775px;margin-left:-47.7pt;border-collapse:collapse;mso-padding-alt:
 0in 0in 0in 0in'>

  <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid'>
   <td valign=bottom style='width:313px;padding-left:5.75pt; padding-right:5.75pt; padding-top:0in; padding-bottom:0in'>
   <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	<u>Signature</u></font></p>
   </td>
   <td valign=bottom style='width:273px;padding-left:5.75pt; padding-right:5.75pt; padding-top:0in; padding-bottom:0in'>
   <p class=MsoNormal align=center style='text-align:center'><u><font size="2">Title</font></u></p>
   </td>
   <td valign=bottom style='width:142px;padding-left:5.75pt; padding-right:5.75pt; padding-top:0in; padding-bottom:0in'>
   <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
   </font>
   <u><font size="2">Date</font></u></p>
   </td>
  </tr>
</table>

<div align=left>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=710
 style='width:532.6pt;border-collapse:collapse;mso-padding-alt:0in 0in 0in 0in'>
 <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid;
  height:17.45pt'>
  <td width=271 colspan=2 valign=top style='width:203.25pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:17.45pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Robert M. Price</font></p>
  </td>
  <td width=290 rowspan=2 valign=top style='width:217.65pt;padding:0in 5.75pt 0in 5.75pt;
  height:17.45pt'>
  <p class=MsoNormal style='margin-left:.5in;page-break-after:avoid'>
	<font size="2">Director</font></p>
  </td>
  <td width=149 rowspan=2 valign=top style='width:111.7pt;padding:0in 5.75pt 0in 5.75pt;
  height:17.45pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">May
  17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:1;page-break-inside:avoid;height:18.8pt'>
  <td width=13 style='width:9.45pt;padding:0in 0in 0in 0in;height:18.8pt'>

  </td>
  <td width=258 valign=top style='width:193.8pt;padding:0in 5.75pt 0in 5.75pt;
  height:18.8pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">Robert
  M. Price</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:2;page-break-inside:avoid;height:15.65pt'>
  <td width=271 colspan=2 valign=top style='width:203.25pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:15.65pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Bonnie S. Reitz</font></p>
  </td>
  <td width=290 rowspan=2 valign=top style='width:217.65pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.65pt'>
  <p class=MsoNormal style='margin-left:.5in'><font size="2">Director</font></p>
  </td>
  <td width=149 rowspan=2 valign=top style='width:111.7pt;padding:0in 5.75pt 0in 5.75pt;
  height:15.65pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">May
  17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:3;page-break-inside:avoid;height:17.9pt'>
  <td width=13 style='width:9.45pt;padding:0in 0in 0in 0in;height:17.9pt'>

  </td>
  <td width=258 valign=top style='width:193.8pt;padding:0in 5.75pt 0in 5.75pt;
  height:17.9pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">Bonnie
  S. Reitz</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:4;page-break-inside:avoid;height:16.1pt'>
  <td width=271 colspan=2 valign=top style='width:203.25pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:16.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  /s/ Joan B. Woodard</font></p>
  </td>
  <td width=290 rowspan=2 valign=top style='width:217.65pt;padding:0in 5.75pt 0in 5.75pt;
  height:16.1pt'>
  <p class=MsoNormal style='margin-left:.5in'><font size="2">Director</font></p>
  </td>
  <td width=149 rowspan=2 valign=top style='width:111.7pt;padding:0in 5.75pt 0in 5.75pt;
  height:16.1pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">May
  17, 2005</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:5;page-break-inside:avoid;height:20.6pt'>
  <td width=13 style='width:9.45pt;padding:0in 0in 0in 0in;height:20.6pt'>

  </td>
  <td width=258 valign=top style='width:193.8pt;padding:0in 5.75pt 0in 5.75pt;
  height:20.6pt'>
  <p class=MsoNormal align=center style='margin-left:.5in;text-align:center'>
	<font size="2">Joan
  B. Woodard</font></p>
  </td>
 </tr>
 </table>

</div>



</div>

<p class="MsoNormal">&nbsp;</p>

<hr color="#000080"><font size="2"><br clear=all
style='page-break-before:always'>


</font>


<p class=MsoBodyText style='text-indent:.5in'><font size="2">Pursuant to
the requirements of the Securities Act of 1933, the trustees (or other person
who administers the employee benefit plan) have duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Albuquerque, State of New Mexico, on May 17, 2005.
</font></p>
<p class=MsoNormal style='margin-left:3.0in'><b><font size="2">PNM RESOURCES, INC. AMENDED AND
RESTATED OMNIBUS PERFORMANCE EQUITY PLAN</font></b></p>
<p class=MsoNormal style='margin-left:3.0in'><font size="2">By: </font><u>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp; /s/&nbsp;&nbsp; Bonnie S. Reitz&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</font></u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonnie S. Reitz<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chairperson
of the Human Resources and<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation Committee</font></p>

</div>

<hr color="#000080"><font size="2"><br clear=all
style='page-break-before:always'>


</font>


<div class=Section5>

<p class=MsoNormal align=center style='text-align:center;text-autospace:none'><b>
<font size="2">EXHIBIT
INDEX</font></b></p>



<table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoNormal style='text-autospace:none;border:none;padding:0in'><b>
	<font size="2">Exhibit
  Number</font></b></p>
  </div>
  </td>
  <td width=414 valign=top style='width:310.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;
  margin-left:8.55pt;margin-right:12.6pt'>
  <p class=MsoNormal style='text-autospace:none;border:none;padding:0in'><b>
	<font size="2"><br>
  Description</font></b></p>
  </div>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;
  margin-left:0in;margin-right:12.6pt'>
  <p class=MsoNormal style='text-autospace:none;border:none;padding:0in'><b>
	<font size="2"><br>
  Page or Method of Filing </font> </b></p>
  </div>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=414 valign=top style='width:310.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">4.1</font></p>
  </td>
  <td width=414 valign=top style='width:310.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.55pt;text-autospace:none'>
	<font size="2">PNM
  Resources, Inc. Amended and Restated Omnibus Performance Equity Plan</font></p>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">Filed herewith</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">15</font></p>
  </td>
  <td width=414 valign=top style='width:310.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.55pt;text-autospace:none'>
	<font size="2">Letter
  regarding Unaudited Interim Financial Information</font></p>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">Filed herewith</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">23</font></p>
  </td>
  <td width=414 valign=top style='width:310.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.55pt;text-autospace:none'>
	<font size="2">Consent of Independent
  Registered Public Accounting Firm </font> </p>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">Filed herewith</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center;text-autospace:none'>
	<font size="2">24</font></p>
  </td>
  <td width=414 valign=top style='width:310.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:8.55pt;text-autospace:none'>
	<font size="2">Powers of
  Attorney</font></p>
  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='text-autospace:none'><font size="2">See Signature Page</font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:.7in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=414 valign=top style='width:310.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=192 valign=top style='width:2.0in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
</table>



<p class=MsoNormal style='text-autospace:none'><font size="2">An opinion of counsel as to the
valid issuance of the securities being registered under this registration
statement is not required because the securities will not be original issuance
securities.&nbsp; If that situation should change, an appropriate opinion of counsel
will be filed.</font></p>



</div>

</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "fs8_051705pnmr.htm", "description": "FORM S-8", "secsgml_size_bytes": 43290}]
{"company-data": {"conformed-name": "PNM RESOURCES INC", "cik": "0001108426", "assigned-sic": "4911", "irs-number": "850019030", "state-of-incorporation": "NM", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-125010", "film-number": "05839221"}, "business-address": {"street1": "ALVARADO SQUARE", "street2": "NEW MEXICO", "city": "ALBUQUERQUE", "state": "NM", "zip": "87158", "phone": "5052412700"}, "mail-address": {"street1": "ALVARADO SQUARE", "city": "ALBUQUERQUE", "state": "NM", "zip": "87158"}, "former-company": {"former-conformed-name": "MANZANO CORP", "date-changed": "20000303"}}
Form S-8
As filed with the Securities
and Exchange Commission on May 17, 2005
Registration
No. 333-
______
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM S-8
REGISTRATION
STATEMENT UNDER
THE
SECURITIES ACT OF 1933
PNM Resources, Inc.
(Exact Name of Registrant as Specified in Its Charter)
New
  Mexico
85-0468296
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
Alvarado Square, Albuquerque, New Mexico
87158
(Address of Principal Executive Offices) (Zip Code)
Amended
and Restated
Omnibus Performance Equity Plan
(Full Title of the Plan)
John
R. Loyack
Senior
Vice President and Chief Financial Officer
Alvarado Square
Albuquerque, New Mexico 87158
(Name
and Address of Agent For Service)
(505)
241-2700
(Telephone Number, Including Area Code, of Agent for
Service)
With
copy to:
Jeffrey
E. Beck
Snell & Wilmer L.L.P.
400
East Van Buren Street
Phoenix,
Arizona 85004-0001
(602)
382-6000
CALCULATION
  OF REGISTRATION FEE
Title of Each Class of Securities
To Be Registered
Amount To Be Registered
  (1)
Proposed Maximum
Offering Price
Per Share (2)
Proposed Maximum
Aggregate
Offering Price (2)
Amount of Registration
  Fee
Common Stock (no par
  value)
4,500,000
$27.19
$122,355,000
$14,401
(1)   Estimated solely for the purpose of calculating
the amount of the registration fee, pursuant to Rules 457(c) and 457(h) of the
Securities Act, on the basis of the closing price of the Registrant's shares of
Common Stock on May 13, 2005.
(2)   In the event of a stock split, stock dividend,
or similar transaction involving the Registrant's Common Stock, in order to
prevent dilution, the number of shares registered shall be automatically
increased to cover the additional shares in accordance with Rule 416(a) under
the Securities Act of 1933, as amended.
(3)   In addition, pursuant to Rule 416(c) under the
Securities Act of 1933, this registration statement also covers an
indeterminate amount of securities to be offered or sold to the employee
benefit plan described herein.
This
Registration Statement relates to Form S-8 Registration Statement No. 333-76288,
filed on January 4, 2002, pursuant to which the Registrant registered 3,750,000
shares of common stock for issuance under the PNM Resources, Inc. Omnibus
Performance Equity Plan (the "Plan") (as adjusted to reflect an increase
resulting from a 3-for-2 stock split effective June 11, 2004).
The contents
of that registration statement are incorporated by reference herein pursuant to
General Instruction E to Form S-8. This Registration Statement relates to the
amendment of the Plan. The Plan has been amended to (i) increase the number of
shares of common stock authorized to be issued thereunder from 3,750,000 shares
to 8,250,000 shares, (ii) permit nonemployee directors to participate in the
Plan, (iii) extend the term of the Plan from December 2010 until December 31,
2015 and (iv) make changes to facilitate compliance with Section 409A of the
Internal Revenue Code of 1986, as amended.  The previously paid filing fees
associated with the referenced securities under the registration statement are
$16,861.45.
PART
II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
The following opinions and consents are filed with this
Registration Statement.
Exhibit
  Number
Description
Page or Method of Filing
4.1
PNM
  Resources, Inc. Amended and Restated Omnibus Performance Equity Plan
Filed herewith
15
Letter
  regarding Unaudited Interim Financial Information
Filed herewith
23
Consent of Independent
  Registered Public Accounting Firm
Filed herewith
24
Power of
  Attorney
See Signature Page
An opinion of counsel as to the
valid issuance of the securities being registered under this registration
statement is not required because the securities will not be original issuance
securities.  If that situation should change, an appropriate opinion of counsel
will be filed.
SIGNATURES
Pursuant to
the requirements of the Securities Act of 1933, PNM Resources, Inc. certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this registration statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Albuquerque, State of New Mexico, on May 17, 2005.
PNM RESOURCES, INC.
By:
/s/ Jeffry E. Sterba
Jeffry E. Sterba
Chairman, President and
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN
BY THESE PRESENTS, that each person whose signature appears below, hereby constitutes
and appoints Jeffry E. Sterba, John R. Loyack, and Thomas G. Sategna, and each
of them, his or her true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution, for him or her and in his or her
name, place and stead, in any and all capacities, to sign any or all amendments
to this registration statement, including post-effective amendments and any
registration statement filed pursuant to Rule 462(b) under the Securities Act
of 1933, and to file the same, with all exhibits thereto and other documents in
connection therewith, with the Commission, granting unto said attorneys-in-fact
and agents, and each of them, full power and authority to do and perform each
and every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he or she might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, and each of them, or the substitute or substitutes of any or all of them,
may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of
the Securities Act of 1933, this registration statement has been signed by the
following persons in the capacities and on the date indicated.
Signature
Title
Date
/s/ Jeffry E. Sterba
Chairman, President and Chief
Executive Officer; Director (Principal
Executive Officer)
May 17, 2005
Jeffry
  E. Sterba
/s/ John R. Loyack
Senior Vice President and Chief
Financial Officer (Principal Financial
Officer)
May 17, 2005
John R. Loyack
/s/ Thomas G. Sategna
Vice President and Corporate
Controller (Principal Accounting
  Officer)
May 17, 2005
Thomas G. Sategna
/s/ Adelmo E. Archuleta
Director
May 17, 2005
Adelmo
  E. Archuleta
/s/ Robert G. Armstrong
Director
May 17, 2005
Robert G. Armstrong
/s/ Julie A. Dobson
Director
May 17, 2005
Julie A. Dobson
/s/ Charles E. McMahen
Director
May
  17, 2005
Charles E. McMahen
/s/ Manuel T. Pacheco
Director
May
  17, 2005
Manuel
  T. Pacheco
Signature
Title
Date
/s/ Robert M. Price
Director
May
  17, 2005
Robert
  M. Price
/s/ Bonnie S. Reitz
Director
May
  17, 2005
Bonnie
  S. Reitz
/s/ Joan B. Woodard
Director
May
  17, 2005
Joan
  B. Woodard
Pursuant to
the requirements of the Securities Act of 1933, the trustees (or other person
who administers the employee benefit plan) have duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Albuquerque, State of New Mexico, on May 17, 2005.
PNM RESOURCES, INC. AMENDED AND
RESTATED OMNIBUS PERFORMANCE EQUITY PLAN
By:
/s/   Bonnie S. Reitz
Bonnie S. Reitz
Chairperson
of the Human Resources and
Compensation Committee
EXHIBIT
INDEX
Exhibit
  Number
Description
Page or Method of Filing
4.1
PNM
  Resources, Inc. Amended and Restated Omnibus Performance Equity Plan
Filed herewith
15
Letter
  regarding Unaudited Interim Financial Information
Filed herewith
23
Consent of Independent
  Registered Public Accounting Firm
Filed herewith
24
Powers of
  Attorney
See Signature Page
An opinion of counsel as to the
valid issuance of the securities being registered under this registration
statement is not required because the securities will not be original issuance
securities.  If that situation should change, an appropriate opinion of counsel
will be filed.