PUBLIC SERVICE CO OF NEW MEXICO
EXHIBIT 10.9.2
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<title>exhibit 10.9.2</title>

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<p class=MsoNormal style='margin-left:4.5in;text-indent:.5in'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibit 10.9.2</b></p>

<p class=MsoNormal style='margin-left:4.5in;text-indent:.5in' align="left"><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>AMENDMENT TWO TO UNDERGROUND COAL SALES AGREEMENT</b></p>



<p class=MsoNormal style='text-align:justify'><b>THIS AMENDMENT TWO TO UNDERGROUND COAL SALES AGREEMENT</b> (&quot;Amendment
Two&quot;), by and between SAN JUAN COAL COMPANY, a Delaware corporation (referred
to herein as &quot;SJCC&quot;) and PUBLIC SERVICE COMPANY OF NEW MEXICO, a New Mexico
corporation, and TUCSON ELECTRIC POWER COMPANY, an Arizona corporation
(collectively referred to herein as the &quot;Utilities&quot;) (with SJCC and Utilities
herein sometimes collectively referred to as &quot;Parties&quot;), amends that certain
Underground Coal Sales Agreement dated August 31, 2001 as amended (the
&quot;UG-CSA&quot;) between SJCC and the Utilities.</p>



<p class=MsoNormal align=center style='text-align:center'><b>RECITALS</b></p>



<p class=MsoNormal style='text-align:justify'><b>WHEREAS, </b>the parties wish to correct inadvertent errors and
omissions that have been identified by the Parties in Exhibit &quot;A&quot; of the
UG-CSA; and </p>



<p class=MsoNormal style='text-align:justify'><b>WHEREAS, </b>SJCC and the Utilities wish to add the State of New Mexico
Coal Lease HC-0004 defined herein to the Coal Leases;</p>



<p class=MsoNormal style='text-align:justify'><b>NOW THEREFORE,</b> in consideration of the terms, covenants and
agreements contained in this Amendment Two and for other good and valuable
consideration, the Utilities jointly and severally agree with SJCC as follows:</p>



<p class=MsoNormal align=center style='text-align:center'><b>AGREEMENT</b></p>



<p class=MsoNormal style='margin-left:.75in;text-align:justify;text-indent:
-.5in;'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The UG-CSA is corrected by adding the following coal lease
descriptions to Exhibit &quot;A&quot; Coal Leases:</p>



<p class=MsoNormal style='margin-left:1.5in;text-align:justify'><b>MC 0087 - State of New Mexico Coal Lease</b></p>



<p class=MsoNormal style='margin-left:1.5in;text-align:justify'><u>Township 30
North, Range 14 West, NMPM, approx. 650.80 acres</u></p>

<p class=MsoNormal style='margin-left:1.5in;text-align:justify;'>Section
32:&nbsp;&nbsp; Lots 1 (43.27), 2 (42.89)<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3(42.51), 4 (42.13), N&frac12;,<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; N&frac12;S&frac12;</p>



<p class=MsoNormal style='margin-left:1.5in;text-align:justify'><b>MC 0088 - State of New Mexico Coal Lease</b></p>

<p class=MsoNormal style='margin-left:1.5in;text-align:justify'><u>Township 30
North, Range 15 West, NMPM, approx. 649.20 acres<br>
</u>Section
36:&nbsp;&nbsp; Lots 1 (40.57), 2 (41.73)<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3(42.87), 4 (44.03), N&frac12;,<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; N&frac12;S&frac12;</p>



<p class=MsoNormal style='margin-left:.75in;text-align:justify;text-indent:
-.5in;'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
New Mexico State Coal Lease HC-0004 (&quot;NM HC-0004&quot;) is hereby
added to the Coal Leases.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specifically,
the UG-CSA is amended by adding the following coal lease descriptions to
Exhibit &quot;A&quot; &quot;Coal Leases&quot;:</p>

<hr color="#000080"><br clear=all
style='page-break-before:always;'>


<p class=MsoNormal style='margin-left:1.5in;text-align:justify'><b>HC 0004 - State of New Mexico Coal Lease</b></p>



<p class=MsoNormal style='margin-left:1.5in;text-align:justify'>Township 29
North, Range 15 West, NMPM, approx. 278.28 acres<br>
Section 2:&nbsp;&nbsp;&nbsp;&nbsp; Lots
1, 2, 3, 4, S1/2NE1/4, SE1/4NW1/4<br>
The attached
map will replace the current map in Exhibit A.</p>



<p class=MsoNormal style='margin-left:.75in;text-align:justify;text-indent:
-.5in;'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The UG-CSA is amended by inserting the following language at
the end of the paragraph in Section A of Exhibit &quot;F&quot; Operating Costs.</p>



<p class=MsoNormal style='margin-left:.75in;text-align:justify'>and the lease
acquisition costs for NM HC-0004.&nbsp;
Recovery of the NM HC-0004 lease acquisition costs and other costs
incurred in acquiring, developing assessing, or otherwise preparing for
delivery of coal from NM HC-0004 shall be pursuant to the UG-CSA and contingent
on delivery of coal to Utilities from NM HC-0004.&nbsp; </p>



<p class=MsoNormal style='margin-left:.75in;text-align:justify;text-indent:
-.5in;'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All other provisions of the UG-CSA not specifically amended by
this Amendment Two remain in full force and effect.&nbsp; Except as otherwise stated, the terms of this Agreement shall be
effective upon execution by all Parties.&nbsp;
</p>



<p class=MsoNormal style='text-align:justify'><b>IN WITNESS WHEREOF</b>, the Parties hereto have caused this Agreement
to be executed on their behalf by their respective officers, thereunto duly
authorized.&nbsp; </p>



<p class=MsoNormal style='text-align:justify'>Public Service Company of New
Mexico</p>



<p class=MsoNormal style='text-align:justify'>By:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Hugh
W. Smith&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='text-align:justify'>Name:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hugh W. Smith&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='text-align:justify'>Title:&nbsp; <u>&nbsp;&nbsp; Senior VP, Energy
Resources&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:<u>&nbsp;&nbsp;&nbsp; 09/13/04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>



<p class=MsoNormal style='text-align:justify'>Tucson Electric Power Company</p>



<p class=MsoNormal style='text-align:justify'>By:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/
Michael J. DeConcini&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='text-align:justify'>Name:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michael J.
DeConcini&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='text-align:justify'>Title:&nbsp; <u>&nbsp;&nbsp; Senior Vice President,
Energy Resources</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:<u>&nbsp;&nbsp;&nbsp; 09/15/04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>



<p class=MsoNormal style='text-align:justify'>San Juan Coal Company</p>



<p class=MsoNormal style='text-align:justify'>By:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Evan
Y. Jones&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='text-align:justify'>Name:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evan Y. Jones&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='text-align:justify'>Title:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VP SJCC&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:<u>&nbsp;&nbsp;&nbsp; 08/25/04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>





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