UNITED STATES
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):

November 7, 2023

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 8.01 OTHER EVENTS.

On November 7, 2023, Public Service Company of New Mexico (“PNM”) and PNM Energy Transition Bond Company I, LLC (the “Issuing Entity”) entered into an Underwriting Agreement with RBC Capital Markets, LLC and Citigroup Global Markets Inc., as representatives of the underwriters party thereto (the “Underwriting Agreement”), with respect to the purchase and sale of $343,200,000 Senior Secured Energy Transition Bonds, Series A (the “Bonds”), to be issued by the Issuing Entity pursuant to an Indenture and Series Supplement, each to be dated November 15, 2023. The Bonds were offered pursuant to a prospectus dated November 7, 2023. Additionally, effective as of November 7, 2023, the Issuing Entity adopted an Amended and Restated Limited Liability Company Agreement (the “LLC Agreement”) in connection with the issuance of the Bonds.

In connection with the issuance of the Bonds, PNM and the Issuing Entity also expect to enter into the other agreements listed below in Item 9.01, which together with the Underwriting Agreement and the LLC Agreement are attached hereto as exhibits and incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

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.