| CommissionFile Number |   | Names of Registrants, State of Incorporation,Address and Telephone Number                                          |   | I.R.S. EmployerIdentification No. |
|-----------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|
| 001-32462             |   | PNM Resources, Inc.(A New Mexico Corporation)Alvarado SquareAlbuquerque, New Mexico  87158(505) 241-2700 |   | 85-0468296                        |
|                  |   |                                                                                                               |   |                              |

|                |   |                       |   | Name of Each Exchange   |
|---------------------|--------|----------------------------|--------|-------------------------|
| Registrant          |   | Title of Each Class        |   | on Which Registered     |
| PNM Resources, Inc. |   | Common Stock, no par value |   | New York Stock Exchange |

| PNM Resources, Inc. (“PNMR”) | YES   ü | NO      |
|------------------------------------------|-----------------------------|----------------------------------|

| PNMR | YES      | NO  ü |
|------|------------------------------|----------------------|

| PNMR | YES  ü | NO    |
|------|-----------------------|----------------------|

| PNMR | YES  ü | NO     |
|------|-----------------------|----------------------------|

----

|   | Large accelerated filer |   | Accelerated filer   |   | Non-accelerated filer |   | Smaller Reporting Company |
|--------|-------------------------|--------|---------------------|--------|-----------------------|--------|---------------------------|
| PNMR   | ü                  |   |      |   |        |   |            |

| PNMR | 86,673,174 |
|------|------------|

----

| ITEM 15. | EXHIBITS and FINANCIAL STATEMENT SCHEDULES |
|----------|--------------------------------------------|

| Exhibit No. |   | Description                                                                                                                 |
|-------------|--------|-----------------------------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                                        |
| 23.3        |   | Consent of Deloitte & Touche LLP for Optim Energy, LLC                                                                  |
|        |   |                                                                                                                        |
| 31.7        | PNMR   | Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
|        |   |                                                                                                                        |
| 31.8        | PNMR   | Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
|        |   |                                                                                                                        |
| 32.4        | PNMR   | Chief Executive Officer and Chief Financial Officer Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|        |   |                                                                                                                        |
| 99.24       |   | Consolidated financial statements of Optim Energy, LLC and subsidiaries                                                     |

| Exhibit No. |   | Description                                                                                                                            |
|-------------|--------|----------------------------------------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                                                   |
| 12.1        | PNMR   | Ratio of Earnings to Fixed Charges                                                                                                     |
|        |   |                                                                                                                                   |
| 12.2        | PNM    | Ratio of Earnings to Fixed Charges                                                                                                     |
|        |   |                                                                                                                                   |
| 12.3        | TNMP   | Ratio of Earnings to Fixed Charges                                                                                                     |
|        |   |                                                                                                                                   |
| 21          | PNMR   | Certain subsidiaries of PNM Resources, Inc.                                                                                            |
|        |   |                                                                                                                                   |
| 23.1        | PNMR   | Consent of Deloitte & Touche LLP for PNM Resources, Inc.                                                                           |
|        |   |                                                                                                                                   |
| 23.2        | PNM    | Consent of Deloitte & Touche LLP for Public Service Company of New Mexico                                                          |
|        |   |                                                                                                                                   |
| 31.1        | PNMR   | Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                        |
|        |   |                                                                                                                                   |
| 31.2        | PNMR   | Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                        |
|        |   |                                                                                                                                   |
| 31.3        | PNM    | Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                        |
|        |   |                                                                                                                                   |
| 31.4        | PNM    | Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                        |
|        |   |                                                                                                                                   |
| 31.5        | TNMP   | Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                        |
|        |   |                                                                                                                                   |
| 31.6        | TNMP   | Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                        |
|        |   |                                                                                                                                   |
| 32.1        | PNMR   | Chief Executive Officer and  Chief Financial Officer Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

----

|    |   |                                                                                                                                   |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------|
| 32.2    | PNM    | Chief Financial Officer and  Chief Financial Officer Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|    |   |                                                                                                                                   |
| 32.3    | TNMP   | Chief Executive Officer and  Chief Financial Officer Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|    |   |                                                                                                                                   |
| 101.INS | PNMR   | XBRL Instance Document                                                                                                                 |
|    |   |                                                                                                                                   |
| 101.SCH | PNMR   | XBRL Taxonomy Extension Schema Document                                                                                                |
|    |   |                                                                                                                                   |
| 101.CAL | PNMR   | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                  |
|    |   |                                                                                                                                   |
| 101.DEF | PNMR   | XBRL Taxonomy Extension Definition Linkbase Document                                                                                   |
|    |   |                                                                                                                                   |
| 101.LAB | PNMR   | XBRL Taxonomy Extension Label Linkbase Document                                                                                        |
|    |   |                                                                                                                                   |
| 101.PRE | PNMR   | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                 |

| Exhibit No.                           | Description of Exhibit                                                                                                                                                                                                                                                                                                                                           |   | Filed as Exhibit:                                                                            | Registrant(s)File No: |
|---------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|-----------------------|
|                                  |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |                  |
| Plan of Acquisition                   |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |
|                                  |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |
| 2.0                                   | Asset Purchase Agreement dated January 12, 2008 among PNM, Continental Energy Systems, LLC and New Mexico Gas Company, Inc.                                                                                                                                                                                                                                 |   | 2.0 to PNM’s Annual Report on Form 10-K for the year ended December 31, 2007           | 1-6986PNM             |
|                                  |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |                  |
| 2.1                                   | Contribution Agreement, dated as of June 1, 2007, among EnergyCo, LLC, PNM Resources, and ECJV Holdings, LLC                                                                                                                                                                                                                                                |   | 2.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2007 | 1-32462PNMR           |
| 2.2                                   | Purchase and Sale Agreement, dated as of January 14, 2006 among Twin Oaks Power LP, Twin Oaks Power III, LP, Sempra Energy, Altura Power L.P. and PNM Resources (Confidential treatment was requested for portions of the exhibit, and such portions were omitted from this exhibit filed and were filed separately with the Securities and Exchange Commission) |   | 2.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2005   | 1-32462PNMR           |
|                                  |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |                  |
| Articles of Incorporation and By-laws |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |
|                                  |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |
| 3.1                                   | Articles of Incorporation of PNM Resources, as amended to date (Certificate of Amendment dated October 27, 2008 and Restated Articles of Incorporation dated August 3, 2006)                                                                                                                                                                                     |   | 3.1 to the Company’s Current Report on Form 8-K filed November 21, 2008                | 1-32462PNMR           |
|                                  |                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                         |                  |
| 3.2                                   | Restated Articles of Incorporation of PNM, as amended through May 31,                                                                                                                                                                                                                                                                                            |   | 3.1.1 to the Company’s Quarterly Report on Form 10-Q for the quarter                   | 1-6986PNM             |

----

| Exhibit No. | Description of Exhibit                                             |   | Filed as Exhibit:                                                                              | Registrant(s)File No: |
|-------------|--------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------|-----------------------|
|        | 2002                                                               |   | ended June 30, 2002                                                                            |                  |
|        |                                                               |   |                                                                                           |                  |
| 3.3         | Articles of Incorporation of TNMP, as amended through July 7, 2005 |   | 3.1.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005 | 2-97230TNMP           |

| 3.4               | Bylaws of PNM Resources, Inc. with all amendments to and including December 8, 2009                                                                                            |   | 3.1 to the Company’s Current Report on Form 8-K filed December 11, 2009                      | 1-32462PNMR   |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------|---------------|
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 3.5               | Bylaws of PNM with all amendments to and including May 31, 2002                                                                                                                |   | 3.1.2 to the Company’s Report on Form 10-Q for the fiscal quarter ended June 30, 2002        | 1-6986PNM     |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 3.6               | Bylaws of TNMP as adopted on August 4, 2005                                                                                                                                    |   | 3.2.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005     | 2-97230TNMP   |
| Indentures‡ |                                                                                                                                                                           |   |                                                                                               |          |
| PNMR              |                                                                                                                                                                           |   |                                                                                               |          |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 4.1               | Indenture, dated as of March 15, 2005, between PNMR and JPMorgan Chase Bank, N.A., as Trustee                                                                                  |   | 10.2 to PNMR’s Current Report on Form 8-K filed March 31, 2005                               | 1-32462PNMR   |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 4.2               | Supplemental Indenture No. 1, dated as of March 30, 2005, between the Company and JPMorgan Chase Bank, N.A. as Trustee, with Form of Senior Note included as Exhibit A thereto |   | 10.3 to PNMR’s Current Report on Form 8-K filed March 31, 2005                               | 333-32170PNMR |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 4.3               | Supplemental Indenture No. 2, dated as of May 16, 2008 between PNMR and The Bank of New York Trust Company, N.A. (successor to JPMorgan Chase Bank, N.A.), as trustee          |   | 4.3 to PNMR’s Current Report on Form 8-K filed May 21, 2008                                  | 1-32462PNMR   |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 4.4               | Indenture, dated as of October 7, 2005, between PNMR and U.S. Bank National Association, as trustee                                                                            |   | 4.11 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 | 1-32462PNMR   |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 4.5               | Supplemental Indenture, dated as of October 7, 2005, between PNMR and U.S. Bank National Association, as trustee, with Form of Senior Note included as Exhibit A thereto       |   | 4.12 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 | 1-32462PNMR   |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 4.6               | Supplemental Indenture No. 2, dated as of August 4, 2008 between PNMR and U.S. Bank National Association, as trustee                                                           |   | 4.3 to PNMR’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008         | 1-32462PNMR   |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| 4.7               | Registration Rights Agreement, dated as of October 7, 2005, between PNMR, as issuer and Cascade Investment, LLC, as initial holder.                                            |   | 4.10 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2005        | 1-32462PNMR   |
|              |                                                                                                                                                                           |   |                                                                                               |          |
| PNM               |                                                                                                                                                                           |   |                                                                                               |          |

----

|   |                                                                                                           |   |                                                                                  |      |
|--------|----------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|-----------|
| 4.8    | Indenture (for Senior Notes), dated as of March 11, 1998, between PNM and The Chase Manhattan Bank, as Trustee |   | 4.4 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1998 | 1-6986PNM |

| 4.9    | First Supplemental Indenture, dated as of March 11, 1998, supplemental to Indenture, dated as of March 11, 1998, Between PNM and The Chase Manhattan Bank, as Trustee  |   | 4.5 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1998 | 1-6986PNM |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                   |   |                                                                                  |      |
| 4.10   | Second Supplemental Indenture, dated as of March 11, 1998, supplemental to Indenture, dated as of March 11, 1998, Between PNM and The Chase Manhattan Bank, as Trustee |   | 4.6 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1998 | 1-6986PNM |

| 4.11   | Third Supplemental Indenture, dated as of October 1, 1999 to Indenture dated as of March 11, 1998, between PNM and The Chase Manhattan Bank, as Trustee                                                   |   | 4.6.1 to PNM’s Annual Report on Form 10-K for the fiscal year ended December 31, 1999 | 1-6986PNM    |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------|--------------|
|   |                                                                                                                                                                                                      |   |                                                                                        |         |
| 4.12   | Fourth Supplemental Indenture, dated as of May 1, 2003 to Indenture dated as of March 11, 1998, between PNM and JPMorgan Chase Bank (formerly The Chase Manhattan Bank), as Trustee                       |   | 4.6.2 to PNM’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003      | 1-6986PNM    |
|   |                                                                                                                                                                                                      |   |                                                                                        |         |
| 4.13   | Fifth Supplemental Indenture, dated as of May 1, 2003 to Indenture dated as of March 11, 1998, between PNM and JPMorgan Chase Bank, as Trustee                                                            |   | 4.6.3 to PNM’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003      | 1-6986PNM    |
|   |                                                                                                                                                                                                      |   |                                                                                        |         |
| 4.14   | Sixth Supplemental Indenture, dated as of May 1, 2003 to Indenture dated as of March 11, 1998, between PNM and JPMorgan Chase Bank, as Trustee                                                            |   | 4.6.4 to PNM’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003      | 1-6986PNM    |
|   |                                                                                                                                                                                                      |   |                                                                                        |         |
| 4.15   | Seventh Supplemental Indenture, dated as of June 1, 2007 to Indenture dated as of March 11, 1998, between PNM and The Bank of New York Trust Company, N.A. (successor to JPMorgan Chase Bank), as Trustee |   | 4.23 to PNM’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2007       | 1-6986PNM    |
|   |                                                                                                                                                                                                      |   |                                                                                        |         |
| 4.16   | Eighth Supplemental Indenture, dated as of June 1, 2010 to Indenture dated as of March 11, 1988, between PNM and The Bank of New York Mellon Trust Company (successor to JPMorgan Chase Bank), as Trustee |   | 10.1 to PNM’s Current Report on Form 8-K filed July 29, 2010                          | 1-6986PNM    |
|   |                                                                                                                                                                                                      |   |                                                                                        |         |
| 4.17   | Ninth Supplemental Indenture, dated as of June 1, 2010 to Indenture dated as of March 11, 1988, between PNM and The Bank of New York Mellon Trust Company (successor to JPMorgan Chase Bank), as Trustee  |   | 10.2 to PNM’s Current Report on Form 8-K filed July 29, 2010                          | 1-6986PNM    |
|   |                                                                                                                                                                                                      |   |                                                                                        |         |
| 4.18   | Indenture (for Senior Notes), dated as of August 1, 1998, between PNM and The                                                                                                                             |   | 4.1 to PNM’s Registration Statement No. 333-53367                                     | 333-53367PNM |

----

|   | Chase Manhattan Bank, as Trustee                                                                                                                                                                                                                                       |   |                                                                                        |         |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------|--------------|
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.19   | First Supplemental Indenture, dated August 1, 1998, supplemental to Indenture, dated as of August 1, 1998, between PNM and The Chase Manhattan Bank, as Trustee                                                                                                        |   | 4.3 to PNM’s Current Report on Form 8-K Dated August 7, 1998                          | 1-6986PNM    |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.20   | Second Supplemental Indenture, dated September 1, 2003, supplemental to Indenture, dated as of August 1, 1998, between PNM and JPMorgan Chase Bank (formerly, The Chase Manhattan Bank), as Trustee                                                                    |   | 4.7.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2003 | 1-6986PNM    |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.21   | Third Supplemental Indenture, dated as of May 13, 2008 between PNM and The Bank of New York Trust Company, N.A. as trustee                                                                                                                                             |   | 4.2 to PNM’s Current Report on Form 8-K filed May 15, 2008                            | 1-6986PNM    |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| TNMP   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.22   | The First Mortgage Indenture dated as of March 23, 2009, between TNMP and The Bank of New York Mellon Trust Company, N.A., as Trustee                                                                                                                                  |   | 4.1 to TNMP’s Current Report on Form 8-K filed March 27, 2009                         | 2-97230TNMP  |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.23   | The First Supplemental Indenture dated as of March 23, 2009, between TNMP and The Bank of New York Mellon Trust Company, N.A., as Trustee                                                                                                                              |   | 4.2 to TNMP’s Current Report on Form 8-K filed March 27, 2009                         | 2-97230TNMP  |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.24   | The Second Supplemental Indenture dated as of March 25, 2009, between TNMP and The Bank of New York Mellon Trust Company, N.A., as Trustee                                                                                                                             |   | 4.3 to TNMP’s Current Report on Form 8-K filed March 27, 2009                         | 2-97230TNMP  |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.25   | The Third Supplemental Indenture dated as of April 30, 2009 between TNMP and The Bank of New York Mellon Trust Company, N.A., as Trustee                                                                                                                               |   | 4.1 to TNMP’s current Report on Form 8-K filed May 6, 2009                            | 2-97230TNMP  |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.26   | First Amendment dated as of December 16, 2010 between TNMP and The Bank of New York Mellon Trust Company, N.A., as Trustee to The Third Supplemental Indenture dated as of April 30, 2009 between TNMP and The Bank of New York Mellon Trust Company, N.A., as Trustee |   | 4.1 to TNMP’s Current Report on Form 8-K filed December 17, 2010                      | 2-97230 TNMP |
|   |                                                                                                                                                                                                                                                                   |   |                                                                                        |         |
| 4.27   | Indenture, dated January 1, 1999 between TNMP and JPMorgan Chase Bank (successor to The Chase Bank of Texas, N. A.), as Trustee                                                                                                                                        |   | 4(w) to TNMP’s Annual Report on Form 10-K for the year ended December 31, 1998        | 2-97230TNMP  |

| 4.28 | First Supplemental Indenture, dated January 1, 1999, to Indenture, dated January 1, 1999, between TNMP and |   | 4(x) to TNMP’s Annual Report on Form 10-K for the year ended December 31, 1998 | 2-97230TNMP |
|------|------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|-------------|

----

|   | JPMorgan Chase Bank (successor to The Chase Bank of Texas, N. A.), as Trustee                                                                                                          |   |                                                                                |        |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|-------------|
|   |                                                                                                                                                                                   |   |                                                                                |        |
| 4.29   | Second Supplemental Indenture, dated June 1, 2003, to Indenture, dated January 1, 1999, between TNMP and JPMorgan Chase Bank (successor to The Chase Bank of Texas, N. A.), as Trustee |   | 4 to TNMP’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003 | 2-97230TNMP |

| Material Contracts |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|
|               |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
| 10.1               | Amended and Restated Credit Agreement, dated as of August 15, 2005, among PNM Resources, Inc. and First Choice Power, L.P., as borrowers, the lenders party thereto, Bank of America, N.A., as administrative agent and Wachovia Bank, National Association, as syndication agent. |   | 10.1 to the Company’s Current Report on Form 8-K filed August 19, 2005 as Exhibit 10.1 (refiled with exhibits thereto as Exhibit 10.1 to Form 8-K/A filed January 5, 2010) | 1-32462PNMR  |
|               |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
| 10.2               | First Amendment to Credit Agreement dated as of November 3, 2006 among PNM Resources, First Choice Power, L.P. and TNMP, as borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent                                                                |   | 10.2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2006                                                                                      | 1-32462PNMR  |
|               |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
| 10.3               | Second Amendment to Credit Agreement dated as of December 20, 2006 among PNM Resources, First Choice Power, L.P. and TNMP, as borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent                                                              |   | 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2007                                                                                   | 1-32462PNMR  |
|               |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
| 10.4               | Third Amendment to Credit Agreement, dated as of March 11, 2009, among PNMR, First Choice Power, L.P., the lenders party thereto, and Bank of America, N.A., as administrative agent.                                                                                              |   | 10.1 to PNMR’s Current Report on Form 8-K filed March 13, 2009                                                                                                             | 1-32462PNMR  |
|               |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
| 10.5               | Fourth Amendment to Credit Agreement, dated as of March 27, 2010, among PNMR, First Choice Power, L.P., the Lenders party thereto and Bank of America, N.A., as administrative agent                                                                                               |   | 10.2 to PNMR’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010                                                                                          | 1-32462 PNMR |
|               |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
| 10.6               | Consent Agreement, dated as of August 11, 2008, among PNMR, First Choice Power, L.P., the lenders party thereto and Bank of America, N.A., as administrative agent                                                                                                                 |   | 10.1 to PNMR’s Current Report on 8-K filed August 13, 2008                                                                                                                 | 1-32462 PNMR |
|               |                                                                                                                                                                                                                                                                               |   |                                                                                                                                                                             |         |
| 10.7               | Amended and Restated Guaranty Agreement, dated as of August 15, 2005, executed by PNM Resources, Inc.,                                                                                                                                                                             |   | 10.1 to the Company’s Current Report on Form 8-K filed August 19, 2005                                                                                                     | 1-32462PNMR  |

----

|   | as Guarantor                                                                                                                                                                                                  |   |                                                                                                                                                             |          |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
|   |                                                                                                                                                                                                          |   |                                                                                                                                                             |          |
| 10.8   | Unit Purchase Agreement dated as of August 13, 2004 between PNM Resources and Cascade Investment, L.L.C.                                                                                                      |   | 99 to PNM Resources’ Current Report on Form 8-K filed August 19, 2004                                                                                      | 333-32170PNMR |
|   |                                                                                                                                                                                                          |   |                                                                                                                                                             |          |
| 10.9   | First Supplement to Unit Purchase Agreement, dated as of June 4, 2005, between PNMR and Cascade                                                                                                               |   | 99.2 to the Company’s Current Report on Form 8-K filed June 10, 2005                                                                                       | 1-32462PNMR   |
| 10.10  | Second Supplement to Unit Purchase Agreement, dated as of July 1, 2005, between PNMR and Cascade                                                                                                              |   | 99.1 to the Company’s Current Report on Form 8-K filed July 8, 2005                                                                                        | 1-32462PNMR   |
|   |                                                                                                                                                                                                          |   |                                                                                                                                                             |          |
| 10.11  | Third Supplement to Unit Purchase Agreement, dated as of August 12, 2005, between PNMR and Cascade and Fourth Supplement to Unit Purchase Agreement, dated as of September 30, 2005, between PNMR and Cascade |   | 10.4 and 10.5 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005                                                      | 1-32462PNMR   |
|   |                                                                                                                                                                                                          |   |                                                                                                                                                             |          |
| 10.12  | Credit Agreement dated as of August 17, 2005, among PNM, the lenders party thereto, Wachovia Bank, National Association, as administrative agent and Union Bank of California, N.A., as syndication agent     |   | 10.3 to the Company’s Current Report on Form 8-K filed August 19, 2005 (refiled with exhibits thereto as Exhibit 10.3 to Form 8-K/A filed January 5, 2010) | 1-6986PNM     |
|   |                                                                                                                                                                                                          |   |                                                                                                                                                             |          |
| 10.13  | Consent Agreement, dated as of August 12, 2008, among PNM, the lenders party thereto, and Wachovia Bank, National Association, as Administrative Agent for the lenders named therein                     |   | 10.2 to PNM’s Current Report on Form 8-K filed August 13, 2008                                                                                             | 1-6986PNM     |
| 10.14  | Transitional Services Agreement among PNM, PNMR Services Company and New Mexico Gas Company, Inc. dated as of January 12, 2008                                          |   | 10.12 to PNM’s Annual Report on Form 10-K for the year ended December 31, 2007 | 1-6986PNM    |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|--------------|
|   |                                                                                                                                                                    |   |                                                                                 |         |
| 10.15  | Amended and Restated Credit Agreement, dated as of December 16, 2010, among TNMP, the lenders identified therein and JPMorgan Chase Bank, N.A., as administrative agent |   | 10.1 to TNMP’s Current Report on Form 8-K filed December 17, 2010              | 2-97230 TNMP |
|   |                                                                                                                                                                    |   |                                                                                 |         |
| 10.16  | Term Loan Credit Agreement, dated as of March 25, 2009, among TNMP, the lenders identified therein and Union Bank, N.A., as administrative agent                        |   | 10.1 to TNMP’s Current Report on Form 8-K filed March 27, 2009                 | 1-32462PNMR  |

| 10.17** | PNM Resources, Inc. Second Amended and Restated Omnibus Performance Equity Plan dated May 19, 2009 (“PEP”) |   | 4.1 to PNM Resources’ Form S-8 Registration Statement filed May 20, 2009       | 333-159361PNMR |
|---------|------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|----------------|
|    |                                                                                                                   |   |                                                                                 |           |
| 10.18** | Description of 2010 long term incentive program for named executive officers                                           |   | Item 5.02(e) of PNM Resources’ Current Report on Form 8-K filed March 25, 2010 | 1-32462PNMR    |

----

|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|
| 10.19** | Form of Stock Option Award Agreement for non-qualified stock options granted under PEP in 2010                                                                                          |   | 10.3 to PNMR’s Current Report on Form 8-K filed May 26, 2009                                                                                                                                                        | 1-32462PNMR  |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.20** | Form of Performance Restricted Stock Rights Award Agreement for performance-based, time-vested restricted stock rights awards based on adjusted cash earnings granted under PEP in 2010 |   | 10.4 to PNMR’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010                                                                                                                                   | 1-32464 PNMR |
| 10.21** | Form of Performance Cash Award Agreement for performance cash awards based on adjusted cash earnings granted under PEP in 2010                                                          |   | 10.5 to PNMR’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010                                                                                                                                   | 1-32462 PNMR |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.22** | Form of Performance Restricted Stock Rights Award Agreement for performance-based, time-vested restricted stock rights awards based on adjusted cash earnings granted under PEP in 2009 |   | 10.4 to PNMR’s Current Report on Form 8-K filed May 26, 2009 (the 2009 long-term incentive program for named executive officers is described in Item 5.02(e) of this Current Report on Form 8-K filed May 26, 2009) | 1-32462PNMR  |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.23** | Form of Performance Cash Award Agreement for performance cash awards based on adjusted cash earnings granted under PEP in 2009                                                          |   | 10.5 to PNMR’s Current Report on Form 8-K filed May 26, 2009                                                                                                                                                        | 1-32462PNMR  |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.24** | Form of Performance Share Award Agreement for performance share awards based on special purpose performance criteria granted under the PEP in 2009                                      |   | 10.6 to PNMR’s Current Report on form 8-K filed May 26, 2009                                                                                                                                                        | 1-32462PNMR  |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.25** | Form of Performance Cash Award Agreement for performance cash awards based on special purpose performance criteria granted under the PEP in 2009                                        |   | 10.7 to PNMR’s Current Report on Form 8-K filed May 26, 2009                                                                                                                                                        | 1-32462PNMR  |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.26** | Form of Restricted Stock Rights Award Agreement for time-vested stock rights awards granted under PEP in May 2009                                                                       |   | 10.8 to PNMR’s Current Report on Form 8-K filed May 26, 2009                                                                                                                                                        | 1-32462PNMR  |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.27** | Form of the award agreement for non-qualified stock options granted under the PEP in 2007-2009                                                                                          |   | 10.2 to the Company's Current Report on Form 8-K filed February 16, 2007                                                                                                                                                  | 1-32462PNMR  |
|    |                                                                                                                                                                                    |   |                                                                                                                                                                                                                      |         |
| 10.28** | Form of award agreement for restricted stock rights granted under the PEP in 2007, 2008 and February 2009                                                                               |   | 10.3 to the Company’s Current Report on Form 8-K filed February 16, 2007                                                                                                                                            | 1-32462PNMR  |

| 10.29** | Changes in Director Compensation                                                                                 |   | 10.2 to the Company’s Current Report on Form 8-K filed March 1, 2011 (for 2011 compensation) and 10.1 to PNMR’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 (for 2010 compensation) | 1-32462PNMR |
|---------|------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|
|    |                                                                                                             |   |                                                                                                                                                                                                                   |        |
| 10.30** | Form of award notice for  restricted stock awards and stock options granted to directors under the PEP |   | 10.3 to the Company’s Current Report on Form 8-K filed March 1, 2011                                                                                                                                             | 1-32462PNMR |

----

|    |                                                                                                 |   |                                                                                        |           |
|---------|------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------|----------------|
| 10.31** | PNM Resources, Inc. Executive Spending Account Plan (amended and restated effective January 1, 2011) |   | 10.4 to the Company’s Current Report on Form 8-K filed March 1, 2011                  | 333-32170PNMR  |
|    |                                                                                                 |   |                                                                                        |           |
| 10.32** | PNM Resources, Inc. Executive Savings Plan II (amended and restated effective January 1, 2009)       |   | 4.1 to PNMR’s Registration Statement on Form S-8 (333-156243) filed December 17, 2008 | 333-156243PNMR |

| 10.33** | PNM Resources, Inc. After-Tax Retirement Plan effective January 1, 2009                                                                                                    |   | 10.5 to PNMR’s Annual Report on Form 10-K for he fiscal year ended December 31, 2008            | 1-32462PNMR   |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|---------------|
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.34** | 2009 Officer Incentive Plan                                                                                                                                           |   | 10.2 to PNM Resources' Current Report on Form 8-K filed May 26, 2009                                  | 1-32462PNMR   |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.35** | 2010 Officer Incentive Plan                                                                                                                                                |   | 10.3 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010                | 1-32462PNMR   |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.36** | Performance Cash Program for the Utilities President (Patricia K. Collawn)                                                                                                 |   | 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2008         | 1-32462PNMR   |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.37** | Summary of Executive Time Off Policy Effective January 1, 2006                                                                                                             |   | 10.31 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005   | 1-32462PNMR   |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.38** | Restated and Amended Public Service Company of New Mexico Accelerated Management Performance Plan (1988) (August 16, 1988) (refiled)                                       |   | 10.23 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1998               | 1-6986PNM     |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.39** | First Amendment to Restated and Amended Public Service Company of New Mexico Accelerated Management Performance Plan (1988) (August 30, 1988) (refiled)                    |   | 10.23.1 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1998             | 1-6986PNM     |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.40** | Second Amendment to Restated and Amended Public Service Company of New Mexico Accelerated Management Performance Plan (1988) (December 29, 1989) (refiled)                 |   | 10.23.2 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1998             | 1-6986PNM     |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.41** | Second  [Third] Amendment to the Restated and Amended Public Service Company of New Mexico Accelerated Management Performance Plan (1988) dated December 8, 1992 |   | 10.22.1 to PNM's Annual Report on Form 10-K for fiscal year ended December 31, 2004.                  | 1-6986PNM     |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.42** | Fourth Amendment to the Restated and Amended Public Service Company of New Mexico Accelerated Management Performance Plan, as amended effective December 7, 1998           |   | 10.23.4 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1999             | 1-6986PNM     |
|    |                                                                                                                                                                       |   |                                                                                                  |          |
| 10.43** | Fifth Amendment dated November 27, 2002 to the Restated and Amended PNM Resources, Inc. Accelerated                                                                        |   | 10.23.5 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2002 | 333-32170PNMR |

----

|    | Performance Management Plan                                                                                                    |   |                                                                                                  |          |
|---------|--------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|---------------|
|    |                                                                                                                           |   |                                                                                                  |          |
| 10.44** | Sixth Amendment dated December 9, 2003 to the PNM Resources, Inc. Restated and Amended Accelerated Performance Management Plan |   | 10.23.6 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2003 | 333-32170PNMR |

| 10.45** | Seventh Amendment dated November 21, 2008 to the PNM Resources, Inc. Accelerated Management Performance Plan |   | 10.4 to PNMR’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008           | 1-32462PNMR       |
|---------|--------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|-------------------|
|    |                                                                                                         |   |                                                                                                  |              |
| 10.46** | PNM Resources, Inc. Non-Union Severance Pay Plan effective August 1, 2007 (amended and restated)             |   | 10.3 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2007          | 1-32462PNMR  |
|    |                                                                                                         |   |                                                                                                  |              |
| 10.47** | First Amendment to the PNM Resources Non-Union Severance Pay Plan executed November 20, 2008                 |   | 10.3 to PNMR’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008           | 1-32462PNMR       |
|    |                                                                                                         |   |                                                                                                  |              |
| 10.48** | PNM Service Bonus Plan dated October 23, 1984                                                                |   | 19.4 to PNM’s Quarterly Report on Form 10-Q or the quarter ended September 30, 1988             | 1-6986PNM         |
|    |                                                                                                         |   |                                                                                                  |              |
| 10.49** | First Amendment dated November 20, 1985 to PNM Service Bonus Plan                                            |   | 10.11.1 to PNM’s Annual Report on Form 10-K for the fiscal year ending December 31, 1985        | 1-6986PNM         |
|    |                                                                                                         |   |                                                                                                  |              |
| 10.50** | Second Amendment dated December 29, 1989 to PNM Service Bonus Plan                                           |   | 10.27.2 to PNM’s Annual Report on Form 10-K for the fiscal year ending December 31, 1989        | 1-6986PNM         |
|    |                                                                                                         |   |                                                                                                  |              |
| 10.51** | Second  [Third] Amendment dated December 7, 1998 to PNM Service Bonus Plan                         |   | 10.45 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1999               | 1-6986PNM         |
|    |                                                                                                         |   |                                                                                                  |              |
| 10.52** | Fourth Amendment dated November 27, 2002 to PNM Resources, Inc. Service Bonus Plan                           |   | 10.45.4 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2002 | 333-32170PNMR     |
|    |                                                                                                         |   |                                                                                                  |              |

| 10.53** | Fifth Amendment dated December 9, 2003 to PNM Resources, Inc. Service Bonus Plan                                                  |   | 10.45.5 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2003 | 333-32170PNMR |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|---------------|
|    |                                                                                                                              |   |                                                                                                  |          |
| 10.54** | Public Service Company of New Mexico OBRA ‘93 Retirement Planeffective November 15, 1993                                    |   | 10.4 to PNM’s Quarterly Report on Form 10-Q for the quarter ended September 30, 1993            | 1-6986PNM     |
|    |                                                                                                                              |   |                                                                                                  |          |
| 10.55** | First Amendment to the Public Service Company of New Mexico OBRA ’93 Retirement Plan, as amended effective December 7, 1998 |   | 10.48.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1999             | 1-6986PNM     |
|    |                                                                                                                              |   |                                                                                                  |          |
| 10.56** | Second Amendment dated November 27, 2002 to the PNM Resources, Inc. OBRA ’93 Retirement Plan                                |   | 10.48.2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2002        | 333-32170PNMR |
|    |                                                                                                                              |   |                                                                                                  |          |
| 10.57** | Third Amendment dated December 9, 2003 to the PNM Resources, Inc. OBRA ’93 Retirement Plan                                  |   | 10.48.3 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2003        | 333-32170PNMR |

----

|    |                                                                        |   |                                                                                    |      |
|---------|-----------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|-----------|
| 10.58** | Public Service Company of New Mexico Section 415 Plan dated January 1, 1994 |   | 10.50 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1993 | 1-6986PNM |

| 10.59** | First Amendment dated December 7, 1998 and Second Amendment dated August 7, 1999 to PNM Section 415 Plan and Third Amendment dated November 27, 2002 to the PNM Resources, Inc. Section 415 Plan |   | 10.50.1 to the Company’s Annual Report in Form 10-K for the fiscal year ended December 31, 2002 | 333-32170PNMR     |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|-------------------|
|    |                                                                                                                                                                                             |   |                                                                                                  |              |
| 10.60** | Fourth Amendment dated December 9, 2003 to the PNM Resources, Inc. Section 415 Plan                                                                                                              |   | 10.50.2 to the Company’s Annual Report in Form 10-K for the fiscal year ended December 31, 2003 | 333-32170PNMR     |
|    |                                                                                                                                                                                             |   |                                                                                                  |              |
| 10.61** | PNM Resources, Inc. Officer Retention Plan executed September 2, 2008 (amended and restated effective January 1, 2009)                                                                           |   | 10.1 to the Company’s Quarterly Report in Form 10-Q for the quarter ended September 30, 2008    | 1-32462PNMR  |
|    |                                                                                                                                                                                             |   |                                                                                                  |              |
| 10.62** | First Amendment to PNM Resources, Inc. Officer Retention Plan executed November 20, 2008                                                                                                         |   | 10.8 to the Company’s Annual Report in Form 10-K for the fiscal year ended December 31, 2008    | 1-32462PNMR       |
|    |                                                                                                                                                                                             |   |                                                                                                  |              |
| 10.63** | PNM Resources Executive Spending Account Plan dated December 9, 2003                                                                                                                             |   | 10.52 to the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2003       | 333-32170PNMR     |
|    |                                                                                                                                                                                             |   |                                                                                                  |              |
| 10.64** | First Amendment to PNM Resources Executive Spending Account Plan effective January 1, 2004                                                                                                       |   | 10.52.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2004             | 333-32170PNMR     |
|    |                                                                                                                                                                                             |   |                                                                                                  |              |
| 10.65** | Second Amendment to PNMR’s Executive Spending Account Plan executed August 28, 2008                                                                                                        |   | 10.2 to PNMR’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008           | 1-32462PNMR       |
|    |                                                                                                                                                                                             |   |                                                                                                  |              |
| 10.66** | Third Amendment to PNMR’s Executive Spending Account Plan effective January 1, 2009                                                                                                        |   | 10.7 to PNMR’s Annual Report on Form 10-K for the year ended December 31, 2008                  | 1-32462PNMR       |

| 10.67** | Third Restated and Amended Public Service Company of New Mexico Performance Stock Plan effective March 10, 1998                            |   | 10.74 to PNM's Quarterly Report on Form 10-Q for the quarter ended March 31, 1998             | 1-6986PNM |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------|-----------|
|    |                                                                                                                                       |   |                                                                                          |      |
| 10.68** | First Amendment to the Third Restated and Amended Public Service Company of New Mexico Performance Stock Plan Dated February 7, 2000       |   | 10.74.1 to PNM's Quarterly Report on Form 10-Q for the quarter ended March 31, 2000           | 1-6986PNM |
|    |                                                                                                                                       |   |                                                                                          |      |
| 10.69** | Second Amendment to the Third Restated and Amended Public Service Company of New Mexico Performance Stock Plan, effective December 7, 1998 |   | 10.74.2 to PNM's Annual Report on Form 10-K for the fiscal year ended December 31, 2000       | 1-6986PNM |
|    |                                                                                                                                       |   |                                                                                          |      |
| 10.70** | Third Amendment to the Third Restated and Amended Public Service Company of New Mexico Performance Stock Plan, effective December 10, 2000 |   | 10.74.3 to PNM’s Annual Report on Form 10-K for the fiscal year ended December 31, 2000 | 1-6986PNM |

----

| 10.71** | Fourth Amendment to Third Restated and Amended Public Service Company of New Mexico Performance Stock Plan dated December 31, 2001                                                      |   | 4.3.5 to PNM Resources’ Post-Effective Amendment No. 1 to Form S-8 Registration Statement filed December 31, 2001 | 333-03303PNMR |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------|---------------|
|    |                                                                                                                                                                                    |   |                                                                                                                    |          |
| 10.72** | Fifth Amendment to the Third Restated and Amended PNM Resources, Inc. Performance Stock Plan dated September 6, 2002                                                                    |   | 10.74.5 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2002                   | 333-32170PNMR |
|    |                                                                                                                                                                                    |   |                                                                                                                    |          |
| 10.73** | PNM Resources, Inc.Director Retainer Plan,dated December 31, 2001                                                                                                                       |   | 4.3 to PNM Resources, Inc.Post-Effective Amendment No. 1 to Form S-8 Registration Statement filed December 31, 2001     | 333-03289PNMR |
|    |                                                                                                                                                                                    |   |                                                                                                                    |          |
| 10.74** | First Amendment datedFebruary 17, 2003 toPNM Resources, Inc. Director Retainer Plan                                                                                                     |   | 10.40.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2003                       | 333-32170PNMR |
|    |                                                                                                                                                                                    |   |                                                                                                                    |          |
| 10.75** | Supplemental Employee Retirement Agreement for Patrick T. Ortiz (amended and restated effective January 1, 2009)                                                                        |   | 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008                      | 1-32462PNMR   |
|    |                                                                                                                                                                                    |   |                                                                                                                    |          |
| 10.76** | Retainer Agreement between the Company and Patrick T. Ortiz dated July 28, 2009 (assigned on December 10, 2009, for billing and collection purposes only, to Cuddy & McCarthy, LLP) |   | 10.1 to PNMR’s Current Report on Form 8-K filed July 30, 2009                                                     | 1-32462PNMR   |

| 10.77** | Executive Transition Agreement between the Company and Patrick T. Ortiz dated July 28, 2009 |   | 10.2 to PNMR’s Current Report on Form 8-K filed July 30, 2009 | 1-32462PNMR |
|---------|---------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|-------------|

| 10.78** | Supplemental Employee Retirement Agreement for Jeffry E. Sterba (amended and restated effective January 1, 2009) |   | 10.9 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008   | 1-32462PNMR   |
|---------|------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------|---------------|
|    |                                                                                                             |   |                                                                                                 |          |
| 10.79** | Amended and Restated Retention Bonus Agreement for Jeffry E. Sterba executed September 7, 2007                   |   | 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007   | 1-32462PNMR   |
|    |                                                                                                             |   |                                                                                                 |          |
| 10.80** | First Amendment to the Retention Bonus Agreement between PNMR and Jeffrey E. Sterba effective January 1, 2009    |   | 10.11 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008  | 1-32462PNMR   |
|    |                                                                                                             |   |                                                                                                 |          |
| 10.81** | PNM Resources Officer Life Insurance Plan dated April 28, 2004                                                   |   | 10.24.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2004    | 333-32170PNMR |
|    |                                                                                                             |   |                                                                                                 |          |
| 10.82** | First Amendment to PNM Resources Officer Life Insurance Plan dated December 16, 2004                             |   | 10.27 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2004. | 333-32170PNMR |

| 10.83** | Second Amendment to PNM Resources |   | 10.5 to the Company’s Quarterly Report | 1-32462 |
|---------|-----------------------------------|--------|----------------------------------------------|---------|

----

|    | Officer Life Insurance Plan executed April 15, 2007                                                                                                                                                                                                                                                                                                                                           |   | on Form 10-Q for the quarter ended September 30, 2007                                        | PNMR          |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|---------------|
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.84** | Third Amendment to the PNMR Officer Life Insurance Plan effective January 1, 2009                                                                                                                                                                                                                                                                                                             |   | 10.10 to PNMR’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008 | 1-32462PNMR   |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.85** | Fourth Amendment to the PNMR Officer Life Insurance Plan effective January 1, 2009                                                                                                                                                                                                                                                                                                            |   | 10.15 to PNMR’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008 | 1-32462PNMR   |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.86** | Long Term Care Insurance Plan effective January 1, 2003                                                                                                                                                                                                                                                                                                                                       |   | 10.87 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2002 | 333-32170PNMR |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.87** | Executive Long Term Disability effective January 1, 2003                                                                                                                                                                                                                                                                                                                                      |   | 10.88 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2002 | 333-32170PNMR |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.88   | Supplemental Indenture of Lease dated as of July 19, 1966 between PNM and other participants in the Four Corners Project and the Navajo Indian Tribal Council                                                                                                                                                                                                                                 |   | 4-D to PNM’s Registration Statement No. 2-26116                                        | 2-26116PNM    |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.89   | Amendment and Supplement No. 1 to Supplemental and Additional Indenture of Lease dated April 25, 1985 between the Navajo Tribe of Indians and Arizona Public Service Company, El Paso Electric Company, Public Service Company of New Mexico, Salt River Project Agricultural Improvement and Power District, Southern California Edison Company, and Tucson Electric Power Company (refiled) |   | 10.1.1 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1995     | 1-6986PNM     |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.90   | Water Supply Agreement between the Jicarilla Apache Tribe and Public Service Company of New Mexico, dated July 20, 2000                                                                                                                                                                                                                                                                       |   | 10.5 to PNM’s Quarterly Report of Form 10-Q for the quarter ended September 30, 2001   | 1-6986PNM     |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.91   | Arizona Nuclear Power Project Participation Agreement among PNM and Arizona Public Service Company, Salt River Project Agricultural Improvement and Power District, Tucson Gas & Electric Company and El Paso Electric Company, dated August 23, 1973                                                                                                                                     |   | 5-T to PNM’s Registration Statement No. 2-50338                                        | 2-50338PNM    |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |
| 10.92   | Amendments No. 1 through No. 6 to Arizona Nuclear Power Project Participation Agreement                                                                                                                                                                                                                                                                                                       |   | 10.8.1 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1991     | 1-6986PNM     |
|    |                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                         |          |

----

| 10.93  | Amendment No. 7 effective April 1, 1982, to the Arizona Nuclear Power Project Participation Agreement (refiled)                                                                                 |   | 10.8.2 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1991                   | 1-6986PNM |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                            |   |                                                                                                       |      |
| 10.94  | Amendment No. 8 effective September 12, 1983, to the Arizona Nuclear Power Project Participation Agreement (refiled)                                                                            |   | 10.58 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1993                    | 1-6986PNM |
|   |                                                                                                                                                                                            |   |                                                                                                       |      |
| 10.95  | Amendment No. 9 to Arizona Nuclear Power Project Participation Agreement dated as of June 12, 1984 (refiled)                                                                                    |   | 10.8.4 to PNM’s Annual Report of the Registrant on Form 10-K for fiscal year ended December 31, 1994 | 1-6986PNM |
|   |                                                                                                                                                                                            |   |                                                                                                       |      |
| 10.96  | Amendment No. 10 dated as of November 21, 1985 and Amendment No. 11 dated as of June 13, 1986 and effective January 10, 1987 to Arizona Nuclear Power Project Participation Agreement (refiled) |   | 10.8.5 to PNM’s Annual Report of the Registrant on Form 10-K for fiscal year ended December 31, 1994 | 1-6986PNM |
|   |                                                                                                                                                                                            |   |                                                                                                       |      |
| 10.97  | Amendment No. 12 to Arizona Nuclear Power Project Participation Agreement dated June 14, 1988, and effective August 5, 1988                                                                     |   | 19.1 to PNM's Quarterly Report on Form 10-Q for the quarter ended September 30, 1990                       | 1-6986PNM |
|   |                                                                                                                                                                                            |   |                                                                                                       |      |
| 10.98  | Amendment No. 13 to the Arizona Nuclear Power Project Participation Agreement dated April 4, 1990, and effective June 15, 1991                                                                  |   | 10.8.10 to PNM’s Annual Report on Form 10-K for the fiscal year ended December 31, 1990              | 1-6986PNM |
|   |                                                                                                                                                                                            |   |                                                                                                       |      |
| 10.99  | Amendment No. 14 to the Arizona Nuclear Power Project Participation Agreement effective June 20, 2000                                                                                           |   | 10.8.9 to PNM’s Annual Report on Form 10-K for the fiscal year ended December 31, 2000               | 1-6986PNM |
|   |                                                                                                                                                                                            |   |                                                                                                       |      |
| 10.100 | Amendment No. 15 to the Arizona Nuclear Power Project Participation Agreement dated November 29, 2010 and effective January 1, 2010                                                             |   | 10.1 to PNM’s Current Report on Form 8-K filed February 28, 2011                                     | 1-6986PNM |

| 10.101 | Underground Coal Sales Agreement, dated August 31, 2001 among San Juan Coal Company, PNM and Tucson Electric Power Company                  |   | 10.85 to PNM’s Quarterly Report on Form 10-Q for the quarter ending September 31, 2001  (Confidential treatment was requested for portions of this exhibit, and such portions were omitted from this exhibit filed and were filed separately with the Securities and Exchange Commission) | 1-6986PNM |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                      |      |
| 10.102 | Amendment One to Underground Coal Sales Agreement dated December 15, 2003 among San Juan Coal Company, PNM and Tucson Electric Coal Company |   | 10.9.1 to PNM’s Amended Report on Form 10-K for fiscal year ended December 31, 2003 (Confidential treatment was requested for portions of this exhibit, and such portions were omitted from this exhibit filed and were filed separately with the Securities and Exchange Commission)               | 1-6986PNM |
|   |                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                      |      |

----

| 10.103 | Amendment Two to Underground Coal Sales Agreement effective September 15, 2004 among San Juan Coal Company, PNM and Tucson Electric Coal Company                                                                                                                                                                                                   |   | 10.9.2 to PNM’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2004     | 1-6986PNM |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                                                                                                                                               |   |                                                                                             |      |
| 10.104 | Amendment Three to Underground Coal Sales Agreement executed April 29, 2005 among San Juan Coal Company, PNM and Tucson Electric Coal Company (Confidential treatment was requested for portions of this exhibit, and such portions were omitted from this exhibit filed and were filed separately with the Securities and Exchange Commission)    |   | 10.86.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                               |   |                                                                                             |      |
| 10.105 | Amendment Four to Underground Coal Sales Agreement effective March 7, 2007 among San Juan Coal Company, PNM and Tucson Electric Coal Company                                                                                                                                                                                                       |   | 10.89 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2007          | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                               |   |                                                                                             |      |
| 10.106 | Amendment Five to Underground Coal Sales Agreement executed December 21, 2007 among San Juan Coal Company, PNM and Tucson Electric Power Company (Confidential treatment was requested for portions of this exhibit, and such portions were omitted from this exhibit filed and were filed separately with the Securities and Exchange Commission) |   | 10.95 to PNM’s Annual Report on Form 10-K for the year ended December 31, 2007             | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                               |   |                                                                                             |      |
| 10.107 | San Juan Unit 4 Early Purchase and Participation Agreement dated as of September 26, 1983 between PNM and M-S-R Public Power Agency, and Modification No. 2 to the San Juan Project Agreements dated December 31, 1983 (refilled)                                                                                                                  |   | 10.11 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1994          | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                               |   |                                                                                             |      |
| 10.108 | Amendment No. 1 to the Early Purchase and Participation Agreement between Public Service Company of New Mexico and M-S-R Public Power Agency, executed as of December 16, 1987, for San Juan Unit 4 (refiled)                                                                                                                                      |   | 10.11.1 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1997        | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                               |   |                                                                                             |      |
| 10.109 | Amendment No. 3 to the San Juan Unit 4 Early Purchase and Participation Agreement between Public Service Company of New Mexico and M-S-R Public Power Agency, dated as of October 27, 1999                                                                                                                                                         |   | 10.11.3 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1999        | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                               |   |                                                                                             |      |

----

| 10.110 | Amended and Restated San Juan Unit 4 Purchase and Participation Agreement dated as of December 28, 1984 between PNM and the Incorporated County of Los Alamos (refiled)                                          |   | 10.12 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1994 | 1-6986PNM |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                             |   |                                                                                    |      |
| 10.111 | Amendment No. 1 to the Amended and Restated San Juan Unit 4 Purchase and Participation Agreement between Public Service Company of New Mexico and M-S-R Public Power Agency, dated as of October 27, 1999        |   | 10.12.1 to PNM’s Annual Report Form 10-K for fiscal year ended December 31, 1999  | 1-6986PNM |
|   |                                                                                                                                                                                                             |   |                                                                                    |      |
| 10.112 | Amendment No. 2 to the San Juan Unit 4 Purchase Agreement and Participation Agreement between Public Service Company of New Mexico and The Incorporated County of Los Alamos, New Mexico, dated October 27, 1999 |   | 10.13 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1999 | 1-6986PNM |

|   |                                                                                                                                                                                 |   |                                                                                         |      |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|-----------|
| 10.113 | Participation Agreement among PNM, Tucson Electric Power Company and certain financial institutions relating to the San Juan Coal Trust dated as of December 31, 1981 (refiled)      |   | 10.14 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1992      | 1-6986PNM |
|   |                                                                                                                                                                                 |   |                                                                                         |      |
| 10.114 | San Juan Unit 4 Purchase and Participation Agreement Public Service Company of New Mexico and the City of Anaheim, California dated April 26, 1991                                   |   | 19.2 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1991       | 1-6986PNM |
|   |                                                                                                                                                                                 |   |                                                                                         |      |
| 10.115 | Amendment No. 1 to the San Juan Unit 4 Purchase and Participation Agreement between Public Service Company of New Mexico and The City of Anaheim, California, dated October 27, 1999 |   | 10.36.1 to Annual Report PNM’s on Form 10-K for fiscal year ended December 31, 1999    | 1-6986PNM |
|   |                                                                                                                                                                                 |   |                                                                                         |      |
| 10.116 | Restated and Amended San Juan Unit 4 Purchase and Participation Agreement between Public Service Company of New Mexico and Utah Associated Municipal Power Systems                   |   | 10.2.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended September 30, 1993 | 1-6986PNM |

| 10.117 | Amendment No. 1 to the Restated and Amended San Juan Unit 4 Purchase And Participation Agreement between Public Service Company of New Mexico And Utah Associated Municipal Power Systems, dated October 27, 1999 |   | 10.38.1 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1999 | 1-6986PNM |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                              |   |                                                                                      |      |
| 10.118 | Participation Agreement dated as of June 30, 1983 among Security Trust Company, as Trustee, PNM, Tucson Electric Power Company and certain financial institutions relating to the San Juan Coal Trust (refiled)   |   | 10.61 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1993   | 1-6986PNM |
|   |                                                                                                                                                                                                              |   |                                                                                      |      |

----

| 10.119  | Amended and Restated San Juan Project Participation Agreement dated as of March 3, 2006, among Public Service Company of New Mexico, Tucson Electric Power Company, The City of Farmington, New Mexico, M-S-R Public Power Agency, The Incorporated County of Los Alamos, New Mexico, Southern California Public Power Authority, City of Anaheim, Utah Associated Municipal Power System and Tri-State Generation and Transmission Association, Inc. |   | 10.119 to PNM's Quarterly Report on Form 10-Q for the quarter ended March 30, 2006      | 1-6986PNM |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|-----------|
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                                    |      |
| 10.120* | Facility Lease dated as of December 16, 1985 between The First National Bank of Boston, as Owner Trustee, and Public Service Company of New Mexico together with Amendments No. 1, 2 and 3 thereto (refiled)                                                                                                                                                                                                                                          |   | 10.18 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1995 | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                                    |      |
| 10.121* | Amendment No. 4 dated as of March 8, 1995, to Facility Lease between Public Service Company of New Mexico and the First National Bank of Boston, dated as of December 16, 1985                                                                                                                                                                                                                                                                        |   | 10.18.5 to the PNM's Quarter Report on Form10-Q for the quarter ended March 31, 1995    | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                                    |      |
| 10.122  | Facility Lease dated as of July 31, 1986, between the First National Bank of Boston, as Owner Trustee, and Public Service Company of New Mexico together with Amendments No. 1, 2 and 3 thereto (refiled)                                                                                                                                                                                                                                             |   | 10.19 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                                    |      |
| 10.123  | Facility Lease dated as of August 12, 1986, between The First National Bank of Boston, as Owner Trustee, and Public Service Company of New Mexico together with Amendments No. 1 and 2 thereto (refiled)                                                                                                                                                                                                                                              |   | 10.20 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |

| 10.124 | Amendment No. 2 dated as of April 10, 1987 to Facility Lease dated as of August 12, 1986, as amended, between The First National Bank of Boston, not in its individual capacity, but solely as Owner Trustee under a Trust Agreement, dated as of August 12, 1986, with MFS Leasing Corp., Lessor and Public Service Company of New Mexico, Lessee (refiled) |   | 10.20.2 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1998 | 1-6986PNM |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                                                                                                                                                         |   |                                                                                      |      |
| 10.125 | Amendment No. 3 dated as of March 8, 1995, to Facility Lease between Public Service Company of New Mexico and the First National Bank of Boston, dated as of August 12, 1986                                                                                                                                                                                 |   | 10.20.4 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1995 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                         |   |                                                                                      |      |

----

| 10.126 | Facility Lease dated as of December 15, 1986, between The First National Bank of Boston, as Owner Trustee, and Public Service Company of New Mexico (Unit 1 Transaction) together with Amendment No. 1 thereto (refiled)                                                                                                                                                               |   | 10.21 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996                   | 1-6986PNM |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                      |      |
| 10.127 | Facility Lease dated as of December 15, 1986, between The First National Bank of Boston, as Owner Trustee, and Public Service Company of New Mexico Unit 2 Transaction) together with Amendment No. 1 thereto (refiled)                                                                                                                                                                |   | 10.22 to PNM’s Annual Report of the Registrant on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                      |      |
| 10.128 | Amendment No. 2 dated as of April 10, 1987 to the Facility Lease dated as of August 12, 1986 between The First National bank of Boston, as Owner Trustee, and PNM. (Unit 2 transaction.) (This is an amendment to a Facility Lease which is substantially similar to the Facility Lease filed as Exhibit 28.1 to the Company’s Current Report on Form 8-K dated August 18, 1986) |   | 10.53 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1987                   | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                      |      |

| 10.129 | Master Decommissioning Trust Agreement for Palo Verde Nuclear Generating Station dated March 15, 1996, between Public Service Company of New Mexico and Mellon Bank, N.A.                                                                          |   | 10.68 to PNM's Quarterly Report on Form 10-Q for the quarter ended March 31, 1996     | 1-6986PNM |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                                               |   |                                                                                  |      |
| 10.130 | Amendment Number One to the Master Decommissioning Trust Agreement for Palo Verde Nuclear Generating Station dated January 27, 1997, between Public Service Company of New Mexico and Mellon Bank, N.A.                                            |   | 10.68.1 to PNM's Annual Report on Form 10-K for fiscal year ended December 31, 1997   | 1-6986PNM |
|   |                                                                                                                                                                                                                                               |   |                                                                                  |      |
| 10.131 | Amendment Number Two to the Master Decommissioning Trust Agreement for Palo Verde Nuclear Generating Station between Public Service Company of New Mexico and Mellon Bank, N.A.                                                                    |   | 10.68.2 to PNM's Annual Report on Form 10-K for fiscal year ended December 31, 2003   | 1-6986PNM |
|   |                                                                                                                                                                                                                                               |   |                                                                                  |      |
| 10.132 | Refunding Agreement No. 8A, dated as of December 23, 1997, among PNM, the Owner Participant Named Therein, State Street Bank and Trust Company, as Owner Trustee, The Chase Manhattan Bank, as Indenture Trustee, and First PV Funding Corporation |   | 10.73 to PNM's Quarterly Report on Form 10-Q for the quarter ended March 31, 1998     | 1-6986PNM |
|   |                                                                                                                                                                                                                                               |   |                                                                                  |      |
| 10.133 | PVNGS Capital Trust—Variable Rate Trust Notes—PVNGS Note Agreement dated as of July 31, 1998                                                                                                                                           |   | 10.76 to PNM's Quarterly Report on Form 10-Q for the quarter ended September 30, 1998 | 1-6986PNM |

----

| 10.134 | New Mexico Public Service Commission Order dated July 30, 1987, and Exhibit I thereto, in NMPUC Case No. 2004, regarding the PVNGS decommissioning trust fund (refiled)                                                                                                                                                                                                                         |   | 10.67 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1997          | 1-6986PNM        |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |
| 10.135 | Stipulation in the matter of PNM’s transition plan Utility Case No. 3137, dated October 10, 2002 as amended by Amendment to Stipulated Agreement dated October 18, 2002                                                                                                                                                                                                                   |   | 10.86 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2002     | 1-6986PNM        |
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |
| 10.136 | Settlement Agreement between Public Service Company of New Mexico and Creditors of Meadows Resources, Inc. dated November 2, 1989 (refiled)                                                                                                                                                                                                                                                     |   | 10.34 to PNM’s Quarterly Report on Form 10-Q for quarter ended June 30, 2000               | 1-6986PNM        |
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |
| 10.137 | First Amendment dated April 24, 1992 to the Settlement Agreement dated November 2, 1989 among Public Service Company of New Mexico, the lender parties thereto and collateral agent (refiled)                                                                                                                                                                                                   |   | 10.34.1 to PNM’s Quarterly Report on Form 10-Q for quarter ended June 30, 2000             | 1-6986PNM        |
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |
| 10.138 | Amendment dated April 11, 1991 among Public Service Company of New Mexico, certain banks and Chemical Bank and Citibank, N.A., as agents for the banks                                                                                                                                                                                                                                          |   | 19.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended September 30, 1991       | 1-6986PNM        |
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |
| 10.139 | Stipulation dated February 28, 2005 in NMPRC Case No. 04-00315-UT regarding the application of PNM Resources and TNMP for approval of the TNP acquisition                                                                                                                                                                                                                                       |   | 10.134 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2005 | 1-32462PNMR/TNMP |
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |
| 10.140 | Settlement Agreement dated February 3, 2005, between PNM Resources, Inc. and Texas-New Mexico Power Company, the cities of Dickenson, Lewisville, La Marque, Ft. Stockton and Friendswood, Texas, the Legal and Enforcement Division of the Public Utility Commission of Texas, the Office of Public Utility Counsel, the Texas Industrial Energy Consumers and the Alliance for Retail Markets |   | 10.1-10.1.7 to the Company’s Current Report on Form 8-K filed February 7, 2005             | 1-32462PNMR/TNMP |
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |
| 10.141 | Consent Decree entered into by PNM on March 9, 2005 relating to the citizen suit under the Clean Air Act and the excess emissions report matter for SJGS                                                                                                                                                                                                                                        |   | 10.135 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2005 | 1-6986PNM        |
|   |                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                             |             |

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| 10.142 | Settlement and Release of Claims Agreement dated February 11, 2010 among PNM, PG&E, SDG&E, CPUC, California ex. rel. Edmund G. Brown, Jr., Attorney General and the California Dept. of Water Resources (collectively, “PNM and the California Parties”) (relating to certain 2000-2001 transactions in California energy markets)                                                                                                                                                                                                                                                                                                                                             |   | 10.1 to PNM’s Current Report on Form 8-K filed February 12, 2010                    | 1-6986PNM   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|-------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |        |
| 10.143 | Agreement for Disposition of Escrowed Funds dated January 11, 2010 among PNM and the California Parties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 10.1 to PNM’s current Report on Form 8-K filed January 14, 2010                     | 1-6986PNM   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |        |
| 21     | Certain subsidiaries of PNM Resources                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 21 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 | 1-32462PNMR |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |        |
| 99.1*  | Participation Agreement dated as of December 16, 1985, among the Owner Participant named therein, First PV Funding Corporation. The First National Bank of Boston, in its individual capacity and as Owner Trustee (under a Trust Agreement dated as of December 16, 1985 with the Owner Participant), Chemical Bank, in its individual capacity and as Indenture Trustee (under a Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of December 16, 1985 with the Owner Trustee), and Public Service Company of New Mexico, including Appendix A definitions together with Amendment No. 1 dated July 15, 1986 and Amendment No. 2 dated November 18, 1986 (refiled) |   | 99.2 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1995    | 1-6986PNM   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |        |
| 99.2   | Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of December 16, 1985, between the First National Bank of Boston, as Owner Trustee, and Chemical Bank, as Indenture Trustee together with Supplemental Indentures Nos. 1 and 2 (refiled)                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 99.3 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1996    | 1-6986PNM   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |        |

| 99.3   | Supplemental Indenture No. 3 dated as of March 8, 1995, to Trust Indenture Mortgage, Security Agreement and Assignment of Rents between The First National Bank of Boston and Chemical Bank dated as of December 16, 1985 |   | 99.3.3 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1995 | 1-6986PNM |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                      |   |                                                                                     |      |

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| 99.4*  | Assignment, Assumption and Further Agreement dated as of December 16, 1985, between Public Service Company of New Mexico and The First National Bank of Boston, as Owner Trustee (refiled)                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 99.4 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1995 | 1-6986PNM |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                   |      |
| 99.5   | Participation Agreement dated as of July 31, 1986, among the Owner Participant named herein, First PV Funding Corporation, The First National Bank of Boston, in its individual capacity and as Owner Trustee (under a Trust Agreement dated as of July 31, 1986, with the Owner Participant), Chemical Bank, in its individual capacity and as Indenture Trustee (under a Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of July 31, 1986, with the Owner Trustee), and Public Service Company of New Mexico, including Appendix A definitions together with Amendment No. 1 thereto (refiled) |   | 99.5 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                   |      |
| 99.6   | Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of July 31, 1986, between The First National Bank of Boston, as Owner Trustee, and Chemical Bank, as Indenture Trustee together with Supplemental Indenture No. 1 thereto (refiled)                                                                                                                                                                                                                                                                                                                                                              |   | 99.6 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                   |      |
| 99.7   | Assignment, Assumption, and Further Agreement dated as of July 31, 1986, between Public Service Company of New Mexico and The First National Bank of Boston, as Owner Trustee (refiled)                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 99.7 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                   |      |
| 99.8   | Participation Agreement dated as of August 12, 1986, among the Owner Participant named therein, First PV Funding Corporation. The First National Bank of Boston, in its individual capacity and as Owner Trustee (under a Trust Agreement dated as of August 12, 1986, with the Owner Participant), Chemical Bank, in its individual capacity and as Indenture Trustee (under a Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of August 12, 1986, with the Owner Trustee), and Public Service Company of New Mexico, including Appendix A definitions (refiled)                                |   | 99.8 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                   |      |

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| 99.8.1* | Amendment No. 1 dated as of November 18, 1986, to Participation Agreement dated as of August 12, 1986 (refiled)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 99.8.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997                 | 1-6986PNM |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|-----------|
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                     |      |
| 99.9*   | Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of August 12, 1986, between the First National Bank of Boston, as Owner Trustee, and Chemical Bank, as Indenture Trustee together with Supplemental Indenture No. 1 thereto (refiled)                                                                                                                                                                                                                                                                                                                                                        |   | 99.9 to PNM’s Annual Report of the Registrant on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                     |      |
| 99.9.2  | Supplemental Indenture No. 2 dated as of March 8, 1995, to Trust Indenture, Mortgage, Security Agreement and Assignment of Rents between The First National Bank of Boston and Chemical Bank dated as of August 12, 1986                                                                                                                                                                                                                                                                                                                                                                                                    |   | 99.9.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1995                 | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                     |      |
| 99.10*  | Assignment, Assumption, and Further Agreement dated as of August 12, 1986, between Public Service Company of New Mexico and The First National Bank of Boston, as Owner Trustee (refiled)                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 99.10 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997                  | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                     |      |
| 99.11*  | Participation Agreement dated as of December 15, 1986, among the Owner Participant named therein, First PV Funding Corporation, The First National Bank of Boston, in its individual capacity and as Owner Trustee (under a Trust Agreement dated as of December 15, 1986, with the Owner Participant), Chemical Bank, in its individual capacity and as Indenture Trustee (under a Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of December 15, 1986, with the Owner Trustee), and Public Service Company of New Mexico, including Appendix A definitions (Unit 1 Transaction) (refiled) |   | 99.1 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997                   | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                     |      |
| 99.12   | Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of December 15, 1986, between The First National Bank of Boston, as Owner Trustee, and Chemical Bank, as Indenture Trustee (Unit 1 Transaction) (refiled)                                                                                                                                                                                                                                                                                                                                                                                    |   | 99.12 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997                  | 1-6986PNM |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                     |      |
| 99.13   | Assignment, Assumption and Further Agreement dated as of December 15, 1986, between Public Service Company of New Mexico and The First National Bank of Boston, as Owner Trustee (Unit 1 Transaction) (refiled)                                                                                                                                                                                                                                                                                                                                                                                                             |   | 99.13 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997                  | 1-6986PNM |

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| 99.14  | Participation Agreement dated as of December 15, 1986, among the Owner Participant named therein, First PV Funding Corporation, The First National Bank of Boston, in its individual capacity and as Owner Trustee (under a Trust Agreement dated as of December 15, 1986, with the Owner Participant), Chemical Bank, in its individual capacity and as Indenture Trustee (under a Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of December 15, 1986, with the Owner Trustee), and Public Service Company of New Mexico, including Appendix A definitions (Unit 2 Transaction) (refiled) |   | 99.14 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997 | 1-6986PNM |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                    |      |
| 99.15  | Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of December 31, 1986, between the First National Bank of Boston, as Owner Trustee, and Chemical Bank, as Indenture Trustee (Unit 2 Transaction) (refiled)                                                                                                                                                                                                                                                                                                                                                                                    |   | 99.15 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                    |      |
| 99.16  | Assignment, Assumption, and Further Agreement dated as of December 15, 1986, between Public Service Company of New Mexico and The First National Bank of Boston, as Owner Trustee (Unit 2 Transaction) (refiled)                                                                                                                                                                                                                                                                                                                                                                                                            |   | 99.16 to PNM’s Quarterly Report on Form 10-Q for the quarter ended March 31, 1997 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                    |      |
| 99.17* | Waiver letter with respect to “Deemed Loss Event” dated as of August 18, 1986, between the Owner Participant named therein, and Public Service Company of New Mexico (refiled)                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 99.17 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                    |      |
| 99.18* | Waiver letter with respect to Deemed Loss Event” dated as of August 18, 1986, between the Owner Participant named therein, and Public Service Company of New Mexico (refiled)                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 99.18 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                    |      |
| 99.19  | Agreement No. 13904 (Option and Purchase of Effluent), dated April 23, 1973, among Arizona Public Service Company, Salt River Project Agricultural Improvement and Power District, the Cities of Phoenix, Glendale, Mesa, Scottsdale, and Tempe, and the Town of Youngtown (refiled)                                                                                                                                                                                                                                                                                                                                        |   | 99.19 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                    |      |

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| 99.20  | Agreement for the Sale and Purchase of Wastewater Effluent, dated June 12, 1981, Among Arizona Public Service Company, Salt River Project Agricultural Improvement and Power District and the City of Tolleson, as amended (refiled)                                                      |   | 99.20 to PNM’s Annual Report on Form 10-K for fiscal year ended December 31, 1996        | 1-6986PNM |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------|-----------|
|   |                                                                                                                                                                                                                                                                                      |   |                                                                                           |      |
| 99.21  | Municipal Effluent Purchase and Sale Agreement dated April 23, 2010 between Cities of Phoenix, Mesa, Tempe, Scottsdale and Glendale, Arizona municipal corporations; and APS, SRP, acting on behalf of themselves and EPE, SCE, PNM, SCPPA, and Los Angeles Department of Water and Power |   | 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                      |   |                                                                                           |      |
| 99.22* | 1996 Supplemental Indenture dated as of September 27, 1996 to Trust Indenture, Mortgage, Security Agreement and Assignment of Rents dated as of December 16, 1985 between State Street Bank and Trust Company, as Owner Trustee, and The Chase Manhattan Bank, as Indenture Trustee       |   | 99.21 to PNM’s Quarterly Report on Form 10-Q for the quarter ended September 30, 1996    | 1-6986PNM |
|   |                                                                                                                                                                                                                                                                                      |   |                                                                                           |      |
| 99.23  | 1997 Supplemental Indenture, dated as of December 23, 1997, to Trust Indenture, Mortgage, Security Agreement and Assignment of Rents, dated as of August 12, 1986, between State Street Bank and Trust, as Owner Trustee, and The Chase Manhattan Bank, as Indenture Trustee              |   | 99.22 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2006   | 1-6986PNM |

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|                            |   | PNM RESOURCES, INC.                     |
|---------------------------------|--------|-----------------------------------------|
|                            |   | (Registrant)                            |
|                            |   |                                    |
| Date:  March 30, 2011 | By     | /s/ Thomas G. Sategna                   |
|                            |   | Thomas G. Sategna                       |
|                            |   | Vice President and Corporate Controller |
|                            |   |                                    |

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