Exhibit 10.2
SECOND AMENDMENT TO CREDIT AGREEMENT
THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into as
of October 31, 2013 among PNM RESOURCES, INC., a New Mexico corporation (the
"Borrower"), the Lenders party hereto and WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Administrative Agent for the Lenders (in such capacity, the
"Administrative Agent"). Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed thereto in the Credit Agreement (as defined
below).
R E C I T A L S
WHEREAS, the Borrower, the Lenders party thereto and the Administrative Agent
are parties to that certain Credit Agreement, dated as of October 31, 2011 (as
amended or modified from time to time, the "Credit Agreement");
WHEREAS, the Borrower has requested a modification to the Credit Agreement as
described below; and
WHEREAS, the Lenders party hereto are willing to agree to such modification,
subject to the terms set forth herein as more fully set forth below.
NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:
A G R E E M E N T
1.    Amendment to Credit Agreement.
Clause (n) in Section 8.5 of the Credit Agreement is amended and restated in its
entirety to read as follows:
(n) Liens on assets of TNMP securing the TNMP First Mortgage Bonds in an
aggregate principal amount not to exceed $450,000,000 at any time,
2.    Effectiveness; Conditions Precedent.
This Amendment shall be effective on the date on which the Administrative Agent
shall have received copies of this Amendment duly executed by the Borrower and
the Required Lenders.
3.    Ratification of Credit Agreement. The term "Credit Agreement" as used in
each of the Credit Documents shall hereafter mean the Credit Agreement as
amended and modified by this Amendment. Except as herein specifically agreed,
the Credit Agreement, as amended by this Amendment, is hereby ratified and
confirmed and shall remain in full force and effect according to its terms. Each
party hereto acknowledges and consents to the modifications set forth herein and
agrees that, other than as explicitly set forth in Section 1 above, this
Amendment does not impair, reduce or limit any of its obligations under the
Credit Documents (including, without limitation, the indemnity obligations set
forth therein) and that, after the date hereof, this Amendment shall constitute
a Credit Document.

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4.    Authority/Enforceability. The Borrower represents and warrants as follows:
(a)    It has taken all necessary action to authorize the execution, delivery
and performance of this Amendment.
(b)    This Amendment has been duly executed and delivered by such Person and
constitutes such Person's legal, valid and binding obligations, enforceable in
accordance with its terms, except as such enforceability may be subject to (i)
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer,
moratorium or similar laws affecting creditors' rights generally and (ii)
general principles of equity (regardless of whether such enforceability is
considered in a proceeding at law or in equity).
(c)    No consent, approval, authorization or order of, or filing, registration
or qualification with, any court or governmental authority or third party is
required in connection with the execution, delivery or performance by such
Person of this Amendment.
5.    Representations and Warranties. The Borrower represents and warrants to
the Lenders that (a) the representations and warranties of the Borrower set
forth in Section 6 of the Credit Agreement are true and correct as of the date
hereof, unless they specifically refer to an earlier date, (b) no event has
occurred and is continuing which constitutes a Default or an Event of Default,
and (c) it has no claims, counterclaims, offsets, credits or defenses to its
obligations under the Credit Documents, or to the extent it has any, they are
hereby released in consideration of the Lenders party hereto entering into this
Amendment.
6.    No Conflicts. The Borrower represents and warrants that neither the
execution and delivery of this Amendment, nor the consummation of the
transactions contemplated herein and in the Credit Agreement (before and after
giving effect to this Amendment), nor performance of and compliance with the
terms and provisions hereof by the Borrower will (a) violate, contravene or
conflict with any provision of its articles or certificate of incorporation,
bylaws or other organizational or governing document, (b) violate, contravene or
conflict with any law, rule, regulation (including, without limitation,
Regulation U and Regulation X), order, writ, judgment, injunction, decree or
permit applicable to the Borrower, (c) violate, contravene or conflict with
contractual provisions of, or cause an event of default under, any indenture,
loan agreement, mortgage, deed of trust, contract or other agreement or
instrument to which the Borrower is a party or by which it or its properties may
be bound or (d) result in or require the creation of any Lien upon or with
respect to the Borrower's properties.
7.    Counterparts/Telecopy. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument. Delivery of
executed counterparts by telecopy or by electronic format (pdf) shall be
effective as an original.
8.    GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
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Each of the parties hereto has caused a counterpart of this Amendment to be duly
executed and delivered as of the date first above written.
BORROWER:

PNM RESOURCES, INC.,
a New Mexico corporation
By:    /s/ Terry R. Horn            
Name:     Terry Horn                
Title:     VP & Treasurer            

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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ADMINISTRATIVE AGENT:

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent and as a Lender
By:    /s/ Yann Blindert            
Name:    Yann Blindert                    
Title:    Director                    

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

UNION BANK, N.A.,
By:    /s/ Jeff Fesenmaier        
Name:    Jess Fesenmaier                    
Title:    Director                    

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

Citibank, N.A.                    

By:    /s/ Amit Vasani                
Name:    Amit Vasani                
Title:    Vice President                

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

JPMORGAN CHASE BANK, N.A.                

By:    /s/ Helen D. Davis            
Name:    Helen D. Davis                
Title:    Vice President                

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

MORGAN STANLEY BANK, N.A.

By:    /s/ John Durland                
Name:    John Durland                    
Title:    Authorized Signatory                

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

                    
ROYAL BANK OF CANADA
By:    /s/ Frank Lambrinos            
Name:    Frank Lambrinos            
Title:    Authorized Signatory            

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

THE BANK OF NEW YORK MELLON
By:    /s/ Mark W. Rogers            
Name: Mark W. Rogers
Title: Vice President

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

KEYBANK NATIONAL ASSOCIATION
By:    /s/ Keven D. Smith            
Name:    Keven D. Smith                    
Title:    Senior Vice President                    

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

SunTrust Bank
By:    /s/ Andrew Johnson            
Name:    Andrew Johnson            
Title:    Director                

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

US Bank, National Association
By:    /s/ Holland Williams            
Name:    Holland Williams            
Title:    AVP & Portfolio Manager                    

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT

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LENDERS:

BOKF, NA dba
BANK OF ALBUQUERQUE        
[Name of Lender]
By:    /s/ John M. Valentine            
Name:    John M. Valentine            
Title:    Senior Vice President            

PNM RESOURCES, INC.
SECOND AMENDMENT TO CREDIT AGREEMENT