UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT



                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITES EXCHANGE ACT OF 1934


         Date of Report (Date of earliest events reported)   March 14, 2002
                                                            ------------------
                                                             February 28, 2002
                                                            ------------------



                               PNM RESOURCES, INC.
                               -------------------
                    (Formerly known as Manzano Corporation)
             (Exact name of registrant as specified in its charter)


           New Mexico                Commission                  85-0468296
----------------------------    File Number 333-32170    -----------------------
(State or Other Jurisdiction                ---------        (I.R.S. Employer
      of Incorporation)                                  Identification) Number)



             Alvarado Square, Albuquerque, New Mexico    87158
             ----------------------------------------    -----
             (Address of principal executive offices)  (Zip Code)



                                 (505) 241-2700
                                 --------------
              (Registrant's telephone number, including area code)

                         ------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)



Item  9.   Regulation FD Disclosure

     The  Company  is  filing  in this  Form 8-K  select  Comparative  Operating
Statistics  for the months of  February  2002 and 2001 and the two months  ended
February  28,  2002 and 2001 to  provide  investors  with key  monthly  business
indicators. Readers of this Form 8-K should refer to the Management's Discussion
and Analysis of Financial  Condition  and Results of Operations in the Company's
annual  and   quarterly   periodic   reporting  on  Form  10-K  and  Form  10-Q,
respectively,  for  a  discussion  of  actual  results  of  operations  and  any
significant trends.

                      PNM Resources, Inc. and Subsidiaries
                        Comparative Operating Statistics

                                          Month Ended         Two Months Ended
                                          February 28,           February 28,
                                     --------------------- ---------------------
                                        2002       2001       2002       2001
                                     ---------- ---------- ---------- ----------
Electric Service:

Energy Sales - MWh (in thousands)
     Retail                                545        537      1,164      1,145
     Wholesale
         Firm Sales                         47         38         99         83
         Firm Surplus                       41        113         71        232
         Short Term / Uncommitted          685        823      1,325      1,684
                                     ---------- ---------- ---------- ----------

         Total Wholesale Sales             773        974      1,495      1,999
                                     ---------- ---------- ---------- ----------

         Total Energy Sales              1,318      1,511      2,659      3,144
                                     ========== ========== ========== ==========

Weather:

Heating and Cooling Days - Albuquerque, NM

     The heating degree day value (HDD) is the  accumulation in degrees that the
daily mean temperature was below 65 F. The cooling degree day value (CDD) is the
accumulation in degrees that the daily mean temperature was above 65 F.

          HDD                      692        619      1,550      1,580
                              ========= ========== ========== ==========

          CDD                        0          0          0          0
                              ========= ========== ========== ==========


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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 thereunto duly authorized.

                                               PNM RESOURCES, INC.
                                   ---------------------------------------------
                                                   (Registrant)


Date:  March 14, 2002                            /s/ John R. Loyack
                                   ---------------------------------------------
                                                   John R. Loyack
                                        Vice President, Corporate Controller
                                            and Chief Accounting Officer
                                   (Officer duly authorized to sign this report)


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