EXHIBIT 23.1



INDEPENDENT AUDITORS' CONSENT


We consent to the incorporation by reference in Registration Statement of Public
Service Company of New Mexico on Form S-3 of our report dated February 11, 2003
(June 5, 2003, as to Notes 2 and 16, as it relates to EITF 02-3) (which
expresses an unqualified opinion and includes explanatory paragraphs referring
to the realignment of segments for financial reporting purposes and adoption of
EITF 02-3, Issues Involved in Accounting for Derivative Contracts Held for
Trading Purposes and Contracts Involved in Energy Trading and Risk Management
Activities) with respect to the consolidated financial statements of PNM
Resources, Inc. and subsidiaries, and our report dated February 11, 2003 (June
5, 2003, as to Notes 2 and 16, as it relates to EITF 02-3) (which expresses an
unqualified opinion and includes explanatory paragraphs referring to the
realignment of segments for financial reporting purposes and adoption of EITF
02-3, Issues Involved in Accounting for Derivative Contracts Held for Trading
Purposes and Contracts Involved in Energy Trading and Risk Management
Activities) with respect to the consolidated financial statements of Public
Service Company of New Mexico and subsidiaries appearing in the Form 8-K dated
June 12, 2003, and to the reference to us under the heading "Experts" in the
Prospectus, which is part of this Registration Statement.

Our audits of the financial statements referred to in our aforementioned reports
also included the consolidated financial statement schedules of PNM Resources,
Inc. and subsidiaries and Public Service Company of New Mexico and subsidiaries
(collectively, the Company), listed in Item 15 in the Annual Report on Form 10-K
of PNM Resources, Inc. and subsidiaries and Public Service Company of New Mexico
and subsidiaries for the year ended December 31, 2002. These financial statement
schedules are the responsibility of the Company's management. Our responsibility
is to express an opinion based on our audits. In our opinion, such consolidated
financial statement schedules, when considered in relation to the basic
consolidated financial statements taken as a whole, present fairly in all
material respects, the information set forth therein.




/s/ DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP

Omaha, Nebraska
June 12, 2003