<SEC-DOCUMENT>0001562180-17-001154.txt : 20170307
<SEC-HEADER>0001562180-17-001154.hdr.sgml : 20170307
<ACCEPTANCE-DATETIME>20170307135454
ACCESSION NUMBER:		0001562180-17-001154
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170303
FILED AS OF DATE:		20170307
DATE AS OF CHANGE:		20170307

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PNM RESOURCES INC
		CENTRAL INDEX KEY:			0001108426
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				850019030
		STATE OF INCORPORATION:			NM
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289
		BUSINESS PHONE:		5052412700

	MAIL ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		STREET 2:		ATTN: MS 0905 - CATHY MARTINEZ
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MANZANO CORP
		DATE OF NAME CHANGE:	20000303

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Eldred Charles N
		CENTRAL INDEX KEY:			0001350048

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32462
		FILM NUMBER:		17671414

	MAIL ADDRESS:	
		STREET 1:		414 SILVER AVE SW MS 1275
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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                <directOrIndirectOwnership>
                    <value>I</value>
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    <footnotes>
        <footnote id="F1">The following performance shares were earned as of December 31, 2016 and settled on March 3, 2017: (1) 7,402 shares earned for the 2014-2016 performance period and (2) 2,754 shares earned under a special performance based retention award.</footnote>
        <footnote id="F2">Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of the performance share awards described in (1) above. The company utilizes a modified &quot;share withholding&quot; approach in connection with settling awards of performance shares, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the performance share award at the prevailing market price. Only these &quot;net shares&quot; are delivered to the recipient of the performance share award.</footnote>
        <footnote id="F3">Represents the portions of previous awards of restricted stock rights that vested effective as of March 4, 2017.</footnote>
        <footnote id="F4">Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting and settlement of the restricted stock rights award described in (3) above. The company utilizes a modified &quot;share withholding&quot; approach in connection with settling awards of restricted stock rights, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the restricted stock right award at the prevailing market price. Only these &quot;net shares&quot; are delivered to the recipient of the vested restricted stock rights award.</footnote>
        <footnote id="F5">Represents the portions of previous awards of restricted stock rights that vested effective as of March 5, 2017.</footnote>
        <footnote id="F6">Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting and settlement of the restricted stock rights award described in (5) above. The company utilizes a modified &quot;share withholding&quot; approach in connection with settling awards of restricted stock rights, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of the restricted stock right award at the prevailing market price. Only these &quot;net shares&quot; are delivered to the recipient of the vested restricted stock rights award.</footnote>
        <footnote id="F7">Includes shares sold to provide a source of funds for payment of certain additional tax obligations of the reporting person.</footnote>
        <footnote id="F8">This transaction was executed in multiple trades at prices ranging from $36.375 USD to $36.425 USD; the price reported above reflects the weighted average sale price.</footnote>
        <footnote id="F9">Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.</footnote>
        <footnote id="F10">The restricted stock units vest in three equal annual installments beginning one year from March 7, 2017. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).</footnote>
        <footnote id="F11">The restricted stock units vest in three equal annual installments. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).</footnote>
        <footnote id="F12">The security converts to common stock on a one-for-one basis.</footnote>
        <footnote id="F13">The phantom stock shares were acquired under the PNM Resources, Inc. Executive Savings Plan, and will settle upon the Reporting Person's retirement or other termination of service.</footnote>
        <footnote id="F14">Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 28, 2017.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Laurie S. Monfiletto, POA for Charles N. Eldred</signatureName>
        <signatureDate>2017-03-07</signatureDate>
    </ownerSignature>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>eldredpoa.txt
<DESCRIPTION>ELDRED POA
<TEXT>
		Power of Attorney

I, Charles N. Eldred, reside at 49 Broken Arrow Place, Sandia Park,
New Mexico 87047. I appoint Laurie S. Monfiletto, Vice President,
Human Resources, Corporate Headquarters, MS-0705, Albuquerque,
New Mexico 87158; Angela Pino, Manager, Compensation, Corporate
Headquarters, MS-0755, Albuquerque, New Mexico 87158;
or Donna Briggs, Administrator III, Corporate Headquarters, MS-0705,
Albuquerque, New Mexico 87158 to serve as my attorneys-in-fact to:

	(1)	execute for me in my capacity as an Officer of
	PNM Resources, Inc. (Company), Forms 3, 4, and 5 in accordance
	with Section 16(a) of the Securities Exchange Act of 1934
	(1934 Act) and the associated rules;

	(2)	perform for me all acts which may be necessary
	or desirable to complete and execute Forms 3, 4, and 5,
	complete and execute any amendments, and timely file the
	forms with the United States Securities and Exchange Commission
	and the New York Stock Exchange, or similar authority; or

	(3)	take any other action related to the powers identified
	in items (1) and (2), which, in the opinion of the attorneys-in-fact,
	may be legally required or beneficial to me.

	I acknowledge that the attorneys-in-fact are serving at my request
and neither they nor the Company are assuming any of my responsibilities to
comply with Section 16 of the 1934 Act. This Power of Attorney shall remain
in full force and effect until I am no longer required to file Forms 3, 4,
and 5 with respect to my holdings of and transactions in securities issued
by the Company, unless earlier revoked by me in a signed writing delivered
to the attorneys-in-fact.


				/s/ Charles N. Eldred
				Charles N. Eldred

			ACKNOWLEDGEMENT

State of New Mexico		)
				) ss.
County of Bernalillo		)

	The foregoing instrument was acknowledged before me on February 24,
2016 by Charles N. Eldred.

				/s/Susan G. Gordon
				Notary Public

				My Commission Expires: September 12, 2016
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
