FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * REAL WILLIAM J   2. Issuer Name and Ticker or Trading Symbol PNM RESOURCES INC [PNM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SR VP, PUB POLICY (Last) (First) (Middle) ALVARADO SQUARE, MS - 2850 3. Date of Earliest Transaction (Month/Day/Year) 08/04/2005 (Street) ALBUQUERQUE, NM 87158 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price COMMON STOCK 08/04/2005   I   4,054 (1) D $ 29.86 13,668 (2) (3) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
REAL WILLIAM J ALVARADO SQUARE MS - 2850 ALBUQUERQUE, NM 87158			SR VP, PUB POLICY

Signatures

WILLIAM J. REAL		08/08/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	THE REPORTING PERSON MADE AN INTRA-TRANSFER OUT OF THE PNM COMMON STOCK FUND UNDER THE PNM RESOURCES, INC. 401(K) PLAN AND INTO OTHER INVESTMENT FUND OPTIONS UNDER THIS PLAN. AFTER THE ABOVE TRANSACTION, 1831 SHARES REMAIN IN REPORTING PERSON'S 401(K) PLAN, AND IS INCLUDED IN THE TOTAL IN COLUMN 5.
(2)	FROM MARCH 2000 THROUGH MAY 20, 2005, 38 SHARES OF PNM RESOURCES, INC. COMMON STOCK WERE ACQUIRED UNDER THE PNM DIVIDEND REINVESTMENT PLAN, AND IS REFLECTED IN THE TOTAL. INFORMATION IN THIS REPORT IS BASED ON A PLAN STATEMENT DATED 5/20/05.
(3)	BETWEEN JANUARY 1, 2005 AND JULY 31, 2005, THE REPORTING PERSON ACQUIRED 114 SHARES OF PNM COMMON STOCK UNDER THE PNM RESOURCES, INC., 401(K) PLAN, AND IS REFLECTED IN THE TOTAL. INFORMATION IN THIS REPORT IS BASED ON A PLAN STATEMENT DATED 7/31/05.

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