Exhibit 10.2
FIRST AMENDMENT TO CREDIT AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into as
of January 18, 2012 among PUBLIC SERVICE COMPANY OF NEW MEXICO, 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") and as Swing Line Lender. 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, the Administrative Agent and
the Swing Line Lender 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 and the Swing Line Lender 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 (c) of the definition of “Interest Payment Date” in Section 1.1 of the
Credit Agreement is amended and restated in its entirety to read as follows:
(c) as to LIBOR Market Index Rate Swing Line Loans, on the third Business Day
after the end of each calendar month and the Maturity Date.
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, the
Required Lenders and the Swing Line Lender.
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. Each party hereto 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. Neither the execution and delivery of this Amendment, nor
the consummation of the transactions contemplated herein, 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 respective
articles or certificate of incorporation, bylaws or other organizational or
governing document, (b) violate, contravene or conflict with any law, rule,
regulation, 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:

PUBLIC SERVICE COMPANY OF NEW MEXICO,
a New Mexico corporation
By:    /s/ Terry Horn                     
Name:    Terry Horn                     
Title:    Vice President & Treasurer             

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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                 

SWING LINE LENDER:

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Swing Line Lender
By:    /s/ Yann Blindert             
Name:    Yann Blindert                 
Title:    Director                 

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LENDERS:

Union Bank, N.A.                
[Name of Lender]
By:    /s/ Efrain Soto                 
Name:    Efrain Soto                 
Title:    Vice President                 

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CITIBANK, N.A.                

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

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JPMORGAN CHASE BANK, N.A.                

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

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SUNTRUST BANK                

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

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MORGAN STANLEY BANK, N.A.                

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

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KEYBANK NATIONAL ASSOCIATION    

By:    /s/ Karen D. Smith             
Name:    Karen D. Smith                 
Title:    Senior Vice President             

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ROYAL BANK OF CANADA

By:    /s/ William J. Caggiano             
Name:    William J. Caggiano             
Title:    Authorized Signatory             

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US Bank, National Association

By:    /s/ Holland H. Williams             
Name:    Holland H. Williams             
Title:    AVP & Portfolio Manager         

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THE BANK OF NEW YORK MELLON

By:    /s/ Mark W. Rogers             
Name:    Mark W. Rogers             
Title:    Vice President                 

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Bank of Albuquerque

By:    /s/ John M. Valentine             
Name:    John M. Valentine             
Title:    Senior Vice President