-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KRdBt57w8GZncr5OB5i611sP/S2l66jnkDjb033QF0ge4uS/hhb5YUYolD4y4Ru8
 K5G4XwCrMNqPd8PKjFCY9w==

<SEC-DOCUMENT>0001211198-03-000070.txt : 20030509
<SEC-HEADER>0001211198-03-000070.hdr.sgml : 20030509
<ACCEPTANCE-DATETIME>20030508181050
ACCESSION NUMBER:		0001211198-03-000070
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030508
FILED AS OF DATE:		20030509

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PADILLA EDWARD JR
		CENTRAL INDEX KEY:			0001106426

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-32170
		FILM NUMBER:		03688881

	BUSINESS ADDRESS:	
		STREET 1:		ALVARADO SQUARE, MS2706
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87158
		BUSINESS PHONE:		5052412700

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>2003-05-08</periodOfReport>
<issuer><issuerCik>0001108426</issuerCik>
        <issuerName>PNM RESOURCES INC</issuerName>
<issuerTradingSymbol>PNM</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001106426</rptOwnerCik>
            <rptOwnerName>PADILLA EDWARD JR</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, PWR MRKTNG &amp;amp; DEV</officerTitle></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>PHANTOM STOCK UNITS</value></securityTitle><conversionOrExercisePrice><value>0</value><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2003-05-07</value></transactionDate><deemedExecutionDate><value>2003-05-08</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>10</value></transactionShares><transactionValue><value>0</value><footnoteId id="F1"/></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1988-08-08</value></exerciseDate><expirationDate><value>1988-08-08
</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>COMMON STOCK</value></underlyingSecurityTitle><underlyingSecurityShares><value>10</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>135</value><footnoteId id="F2"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">THE SECURITY CONVERTS TO CMMON STOCK ON A ONE-FOR-ONE BASIS.</footnote><footnote id="F2">THE PHANTOM STOCK UNITS WERE ACQUIRED UNDER PNM RESOURCES, INC., EXECUTIVE SAVINGS PLAN AND WILL BE SETTLED UPON THE REPORTING PERSON'S RETIREMENT OR OTHER TERMINATION OF SERVICE.</footnote></footnotes><ownerSignature><signatureName>EDWARD PADILLA, JR.</signatureName><signatureDate>2003-05-08</signatureDate></ownerSignature></ownershipDocument>

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