EXHIBIT 15.0

INDEPENDENT ACCOUNTANTS' AWARENESS LETTER



PNM Resources, Inc.
Albuquerque, New Mexico


We have made a review, in accordance with standards established by the American
Institute of Certified Public Accountants, of the unaudited interim financial
information of PNM Resources, Inc and subsidiaries for the three and six-month
periods ended June 30, 2002, as indicated in our report dated August 2, 2002;
because we did not perform an audit, we expressed no opinion on that
information.

We are aware that our report referred to above, which is included in your
quarterly report on Form 10-Q for the quarter ended June 30, 2002, is
incorporated by reference in Registration Statement File No. 33-65418,
Registration Statement File No. 333-03289, Registration Statement File No.
333-03303, Registration Statement File No. 333-10993, Registration Statement
File No. 333-32170, Registration Statement File No. 333-53367, Registration
Statement File No. 333-61598, Registration Statement No. 333-73648, Registration
Statement No. 333-76288, and Registration Statement No. 333-76316.

We also are aware that the aforementioned report, pursuant to Rule 436(c) under
the Securities Act of 1933, is not considered a part of the Registration
Statement prepared or certified by an accountant or a report prepared or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.


/s/ Deloitte & Touche LLP


August 14, 2002
Omaha, Nebraska