Exhibit 25

______________________________________________________________________________

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________

FORM T-1

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2)

_______________________________________________________

UNION BANK, N.A.

(Exact name of Trustee as specified in its charter)

94-0304228

I.R.S. Employer Identification No.

120 South San Pedro Street, 4th Floor Los Angeles, California	90012
(Address of principal executive offices)	(Zip Code)

Timothy P. Miller

Union Bank, N.A.

120 South San Pedro Street

Corporate Trust - 4^th Floor

Los Angeles, CA 90012

(213) 972-5673

(Name, address and telephone number of agent for service)

PUBLIC SERVICE COMPANY OF NEW MEXICO

(Exact Name of Obligor as Specified in the Charter)

New Mexico	85-0019030
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

414 Silver Ave. SW
Albuquerque, New Mexico	87102-3289
(Address of Principal Executive Offices)	(Zip Code)

Debt Securities

(Title of the indenture securities)

______________________________________________________________________________

FORM T-1

Item 1.GENERAL INFORMATION. Furnish the following information as to the Trustee.

a) Name and address of each examining or supervising authority to which it is subject.

Office of the Comptroller of the Currency

Washington, D.C. 20219

b)    Whether it is authorized to exercise corporate trust powers.

Trustee is authorized to exercise corporate trust powers.

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

In answering this item, the trustee has relied, in part, upon information furnished by the obligor, and the trustee disclaims responsibility for the accuracy or completeness of such information. The trustee has also examined its own books and records for the purpose of answering this item.

Items 3-15 Items 3-15 are not applicable because, to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

1. A copy of the Articles of Association of the Trustee.*

2. A copy of the certificate of authority of the Trustee to commence business.*

3.    A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

4.    A copy of the existing bylaws of the Trustee.*

5.    A copy of each Indenture referred to in Item 4. Not applicable.

6.    The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939. Attached as Exhibit 6.

7. A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority. Attached as Exhibit 7.

* Exhibits 1 through 4 are incorporated herein by reference to Form T-1 as presented in Exhibit 25.1 to registration statement on Form S-3 Registration No. 333-165578 filed with the SEC.

NOTE

The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, Union Bank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, State of California on the 7th day of May, 2014.

Union Bank, N.A.

By: /S/ Timothy P. Miller

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Vice President

EXHIBIT 6

CONSENT OF THE TRUSTEE

REQUIRED BY SECTION 321(b) OF THE ACT

May 7, 2014

Securities and Exchange Commission

Washington, D.C. 20549

Ladies and Gentlemen:

In connection with the proposed issuance of Debt Securities of Public Service Company of New Mexico the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that reports of examinations of the undersigned by federal, state, territorial, or district authorities authorized to make such examinations may be furnished by such authorities to the Securities and Exchange Commission upon request therefor.

Sincerely,

Union Bank, N.A.

By:    /S/ Timothy P. Miller

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Vice President

EXHIBIT 7

Page 1

CONSOLIDATED REPORT OF CONDITION OF

Union Bank, N.A

of Los Angeles in the State of California, at the close of business March 31, 2014 published

in response to call made by the Comptroller of the Currency, under Title 12, United States Code,

Section 161. Charter 21541

BALANCE SHEET

Dollar Amounts

In Thousands

ASSETS

Cash and balances due from depository institutions:     

Non‐interest‐bearing balances and currency and coin     $    1,779,534

Interest‐bearing balances    $    2,895,453

Securities:

Held‐to‐maturity securities     $    7,825,784

Available‐for‐sale securities    $    15,282,228

Federal funds sold and securities purchased under agreements to resell:

Federal funds sold in domestic offices    $     ‐

Securities purchased under agreements to resell     $    32,047

Loans and lease financing receivables:

Loans and leases held for sale    $    104,093

Loans and leases, net of unearned income        $    69,508,075

LESS: Allowance for loan and lease losses        $    533,026

Loans and leases, net of unearned income and allowance    $    68,975,049

Trading assets        $    840,542

Premises and fixed assets        $    641,031

Other real estate owned        $    47,900

Investments in unconsolidated subsidiaries and associated companies     $    1,235,132

Direct and indirect investments in real estate ventures    $    ‐

Intangible assets:

Goodwill    $    3,227,459

Other intangible assets    $    277,950

Other assets        $    3,532,081

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Total assets    $    106,696,283

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Exhibit 7

Page 2

LIABILITIES

Deposits:

In domestic offices    $    80,778,566

Noninterest‐bearing     $    26,901,097

Interest‐bearing    $    53,877,469

In foreign offices, Edge and Agreement subsidiaries, and IBFs     $    849,970

Noninterest‐bearing    $    ‐

Interest‐bearing    $    849,970

Federal funds purchased and securities sold under agreements to repurchase:

Federal funds purchased in domestic offices    $    97,400

Securities sold under agreements to repurchase    $    8,753

Trading liabilities    $    530,864

Other borrowed money    $    6,869,073

Subordinated notes and debentures    $    1,466,547

Other liabilities    $    1,534,938

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Total liabilities    $    92,136,111

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EQUITY CAPITAL

Perpetual preferred stock and related surplus     $    ‐

Common stock    $    604,577

Surplus         $    9,815,354

Retained earnings    $    4,443,550

Accumulated other comprehensive income     $    (554,639)

Other equity capital components    $    ‐

                      -----------------    

Total bank equity capital    $    14,308,842

Noncontrolling (minority) interests in consolidated subsidiaries     $    251,330

Total equity capital            $    14,560,172

____________

Total liabilities, minority interest, and equity capital    $    106,696,283