SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) ~~July 24~~October 28, 2003

TNP ENTERPRISES, INC.

(Exact name of registrant as specified in charter)

Texas		1-8847		75-1907501
(State or other jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

4100 International Plaza, P.O. Box 2943, Fort Worth, Texas 76113

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (817) 731-0099

(Former name or former address, if changed since last report)

~~TEXAS-NEW~~Item ~~MEXICO~~5. ~~POWER~~Other ~~COMPANY~~Events and Required FD Disclosure

On October 28, 2003, First Choice Power, Inc. (~~Exact~~“First ~~name~~Choice”), a wholly owned subsidiary of ~~registrant~~TNP asEnterprises, ~~specified~~Inc. entered ininto ~~charter~~a long-term power supply agreement with Constellation Power Source (“Constellation”), a subsidiary of Constellation Energy Group, to extend and expand an existing agreement between First Choice and Constellation to supply certain of First Choice’s energy requirements. As part of the agreement, First Choice will grant a security interest in its accounts receivable to Constellation, providing First Choice with sufficient credit for its Texas operations. The new agreement will be implemented in phases. The first phase, which begins immediately, will provide First Choice with interim credit and power supply for most of First Choice’s load. The second phase is targeted to be implemented by the end of this year and would involve Constellation meeting the power supply needs of First Choice’s entire existing customer base.

Texas		2-97230		75-0204070
(State or other jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

The final phase, which is expected to be implemented by September 2004, would involve the creation of a special purpose entity under First Choice that would allow First Choice to separate its customer contracts and customer base from the billing and customer care operations. Billing and customer service functions would remain at First Choice. This phase would require approval of the Public Utility Commission of Texas. Constellation would have first lien over the special purpose entity.

~~4100~~A ~~International Plaza,~~copy ~~P.O.~~of ~~Box~~First ~~2943,~~Choice’s ~~Fort~~press ~~Worth,~~release ~~Texas~~is ~~76113~~attached hereto as Exhibit 99.1.

~~(Address~~Item of7. ~~Principal~~Financial ~~Executive~~Statements, ~~Offices)~~Pro Forma Financial Information and Exhibits

~~Registrant’s~~Exhibit ~~telephone~~99.1 ~~number,~~– ~~including~~Press ~~area~~Release ~~code:~~dated ~~(817)~~October ~~731-0099~~ 29, 2003.

~~(Former~~Statement ~~name~~Regarding orForward ~~former~~Looking ~~address,~~Information ~~if changed since last report)~~

~~Item~~The 7discussions in this document and the exhibit attached hereto that are not historical facts are forward looking statements, including, the ability to negotiate definitive agreements relating to the second and third phases of the proposed arrangement, and receipt of regulatory approvals described herein are based on current expectations. ~~Financial~~Actual ~~Statements~~results may differ materially. Among the factors that could cause the results to differ materially from expectations are the following: the ability of First Choice to obtain required regulatory approvals, the ability to negotiate and ~~Exhibits~~enter into definitive agreements relating to the transactions contemplated by the letter of intent; and other factors described from time to time in TNP Enterprises, Inc.’s reports filed with the Securities and Exchange Commission.

99 Press Release of the Registrant dated July 24, 2003

Item 9. Regulation FD Disclosure

See the press release attached hereto as Exhibit 99 dated July 24, 2003, announcing the financial results for the three months ended June 30, 2003 for TNP Enterprises, Inc. and Texas-New Mexico Power Company.

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 hereunto duly authorized.

			TNP ENTERPRISES, INC. (Registrant)
		TNP ENTERPRISES, INC.
Date: July 29, 2003			By:	/s/ THEODORE A. BABCOCK
		(Registrant)
				Theodore A. Babcock, Chief Financial Officer
Date: October 29, 2003	By:	/s/ Theodore A. Babcock
		Theodore A. Babcock, Chief Financial Officer

~~Pursuant~~2 ~~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 hereunto duly authorized.~~

	TEXAS-NEW MEXICO POWER COMPANY (Registrant)
Date: July 29, 2003	By:	/s/ SCOTT FORBES
		Scott Forbes Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

ExhibitNumber		Description
99		Press Release dated July 24, 2003.

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