8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 17, 2000

TNP ENTERPRISES, INC.

(Exact name of registrant as specified in charter)

Texas (State or other jurisdiction of Incorporation) 1-8847 (Commission File Number) 75-1907501 (IRS Employer Identification No.)

4100 International Plaza, P.O. Box 2943, Fort Worth, Texas 76113

(Address of Principal Executive Offices)

Registrant's telephone number, including area code: (817) 731-0099

____________________________________________________________

(Former name or former address, if changed since last report)

TEXAS-NEW MEXICO POWER COMPANY

(Exact name of registrant as specified in charter)

Texas (State or other jurisdiction of Incorporation) 2-97230 (Commission File Number) 75-0204070 (IRS Employer Identification No.)

4100 International Plaza, P.O. Box 2943, Fort Worth, Texas 76113

(Address of Principal Executive Offices)

Registrant's telephone number, including area code: (817) 731-0099

____________________________________________________________

(Former name or former address, if changed since last report)

 ___________________________________________________________________________________________________________________________

Item 5. Other Events.

     On August 17, 2000, TNP Enterprises, Inc. ("TNP") and Texas-New Mexico Power Company ("TNMP") issued a press release announcing earnings for the second quarter of 2000 and the declaration of a dividend by TNMP payable to its sole shareholder, TNP. The press release is attached to this report as an exhibit and is incorporated by reference..

Item 7. Exhibits.

99     Press Release dated August 17, 2000

Statement Regarding Forward Looking Information

     The discussions in this document that are not historical facts are based upon current expectations. Actual results may differ materially. Among the facts that could cause the results to differ materially from expectations are the following: our ability to adapt to open market competition enacted by our legislators and regulators; the effects of accounting pronouncements that may be issued periodically; changes in regulations affecting TNP and TNMP's businesses; general business and economic conditions, price fluctuations in the electric power market; and other factors described from time to time in TNP's and TNMP's reports filed with the Securities and Exchange commission. TNP and TNMP wish to caution readers not to place undue reliance on any such forward looking statements, which are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made.

 ___________________________________________________________________________________________________________________________

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TNP ENTERPRISES, INC.
	(Registrant)
Date: August 17, 2000	By:      /s/ M. S. Cheema_________________
	Treasurer

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TEXAS-NEW MEXICO POWER COMPANY
	(Registrant)
Date: August 17, 2000	By:      /s/ M. S. Cheema_________________
	Senior Vice President and Chief Financial Officer

___________________________________________________________________________________________________________________________ 

EXHIBIT INDEX

Exhibit

Number                           Description

99 Press Release dated August 17, 2000.

EX-99

                        Exhibit 99

TNP ENTERPRISES, INC.

P.O. Box 2943, Fort Worth, TX 76113                                                                   NEWS

FOR IMMEDIATE RELEASE                     For more information, contact:

TNP Enterprises,	Texas New-Mexico Power Company
Ted Babcock	Patrick Bridges
(516) 933-3105	(817) 377-5541
email:tbabcock@tnpe.com	email:pbridges@tnpe.com

TNP ENTERPRISES REPORTS SECOND QUARTER EARNINGS

     FORT WORTH, Texas - Aug. 17, 2000 - TNP Enterprises, Inc. today announced that net income was $0.5 million for the three months ended June 30, 2000, while net income for Texas-New Mexico Power Company (TNMP), the principal subsidiary of TNP, was $11.2 million for the same period. TNMP's net income for comparable period ended June 30, 1999, was $14.2 million.

     Detailed below are certain financial highlights for TNP Enterprises, for the three months ended June 30, 2000 compared to the three months ended June 30, 1999:

TNP ENTERPRISES, INC. AND SUBSIDIARIES

FINANCIAL HIGHLIGHTS

(Dollars in Thousands)

	Three Months Ended June 30,
	2000	1999
	_____________________	________________
Operating revenues	$    155,931	$     144,027
Net Income	$532	12,403
Income (Loss) Applicable to Common Stock	2,782)	12,497
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)	40,227	41,202
MWH Sales	$      2,321	$      2,359

     TNMP's net income of $11.2 million for the quarter ended June 30, 2000, was $3 million less than the same period of 1999. Higher revenues, resulting from increased weather related sales, were offset by base rate reductions, and higher non-pass through purchased power expenses incurred on sales to an industrial customer under a replacement power contract.

     Detailed below are sales by customer classification:

	Three Months ended June 30
	2000	1999	Variance	%
	________________	________________	________________	________________
Residential	588	549	39	7.1
Commercial	516	472	44	9.3
Industrial
Firm	152	132	20	15.2
Economy	1,008	1,153	(145)	(12.6)
Other (including power marketing	57	53	4	7.5
	________________	________________	________________	________________
Total GWH Sales	2,321	2,359	(38)	(1.6)

     The quarterly results ending June 30, 2000, for TNP Enterprises are for the first reporting period since the April 7, 2000, acquisition of TNP by an investor group led by Dr. William J. Catacosinos, managing partner of Laurel Hill Capital Partners LLC.

     On August 15, 2000, the board of directors of Texas-New Mexico Power Company declared a $17 million common dividend payable September 1, 2000, to TNP Enterprises. The Boards of Directors of both TNP and TNMP also declared the regular dividend on all series of preferred stocks.

     Additional information on quarterly results can be obtained in the Company's Form 10-Q on file with the Securities Exchange Commission.

    On Thursday, August 17, 2000, at 10:00 a. m. Central Time (11:00 a.m. Eastern Time), company officials will hold a conference call to review the second quarter results. The conference call can be accessed by dialing 1-800-883-9624.