-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UVn/yw9XIaHQ9uMbh5BGe8X6JM+1MQuMVZaPS8QIbzXk3Y3zSte4ubh24ioGQKTv
 2D2qJlX+zOujcelGU8ypBQ==

<SEC-DOCUMENT>0001211198-03-000074.txt : 20030509
<SEC-HEADER>0001211198-03-000074.hdr.sgml : 20030509
<ACCEPTANCE-DATETIME>20030509164925
ACCESSION NUMBER:		0001211198-03-000074
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030509
FILED AS OF DATE:		20030509

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LOYACK JOHN R
		CENTRAL INDEX KEY:			0001103723

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-32170
		FILM NUMBER:		03690853

	BUSINESS ADDRESS:	
		STREET 1:		ALVARADO SQUARE M.S. 2818
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87158

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PNM RESOURCES INC
		CENTRAL INDEX KEY:			0001108426
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				850019030
		STATE OF INCORPORATION:			NM
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ALVARADO SQUARE
		STREET 2:		NEW MEXICO
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87158
		BUSINESS PHONE:		5052412700

	MAIL ADDRESS:	
		STREET 1:		ALVARADO SQUARE
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87158

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MANZANO CORP
		DATE OF NAME CHANGE:	20000303
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType><periodOfReport>2003-05-09</periodOfReport>
<issuer><issuerCik>0001108426</issuerCik>
        <issuerName>PNM RESOURCES INC</issuerName>
<issuerTradingSymbol>PNM</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>1103723</rptOwnerCik>
            <rptOwnerName>LOYACK JOHN R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>SR VP &amp;amp;  CFO</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>COMMON STOCK</value></securityTitle><transactionDate><value>2003-05-07</value></transactionDate><deemedExecutionDate><value>2003-05-09</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>L</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>4.377</value></transactionShares><transactionValue><value>22.82</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1521</value><footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D
</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">TOTAL INCLUDES 12 SHARES OF PNM RESOURCES COMMON STOCK ACQUIRED UNDER THE PNM DIVIDEND REINVESTMENT PLAN AND 874 SHARES ACQUIRED UNDER THE PNM RESOURCES, INC. 401(K) PLAN.  INFORMATION IN THIS REPORT IS BASED ON A PLAN STATEMENT DATED 04/30/03.</footnote></footnotes><ownerSignature><signatureName>John  R. Loyack</signatureName><signatureDate>2003-05-09</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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