XML 78 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Electric Operating Revenues    
Affiliate$ 0$ 0$ 0$ 0
Electric Operating Revenues549,498503,6531,352,7471,292,865
Operating Expenses:    
Cost of energy250,854215,169582,814557,238
Administrative and general69,75571,193197,016196,398
Energy production costs39,73042,306135,510148,002
Regulatory disallowances0021,4020
Depreciation and amortization42,37038,980119,115113,634
Transmission and distribution costs17,92515,01252,96244,574
Taxes other than income taxes20,58015,58550,56443,456
Total operating expenses441,214398,2451,159,3831,103,302
Operating income108,284105,408193,364189,563
Other Income and Deductions:    
Interest income3,7484,49912,01014,608
Gains (losses) on investments held by NDT(4,109)2,2067,6882,606
Other income1,7551,9633,55913,333
Equity in net earnings (loss) of Optim Energy02,4950(5,714)
Other deductions(4,685)(3,848)(11,638)(8,861)
Net other income (deductions)(3,291)7,31511,61915,972
Interest Charges31,12431,31792,25194,488
Earnings before Income Taxes73,86981,406112,732111,047
Income Taxes25,96428,81337,20637,365
Net Earnings47,90552,59375,52673,682
(Earnings) Attributable to Valencia Non-controlling Interest(4,111)(3,909)(10,764)(10,305)
Preferred Stock Dividend Requirements of Subsidiary(132)(132)(396)(396)
Net Earnings Attributable to Company43,66248,55264,36662,981
Net Earnings Attributable to PNMR per Common Share:    
Basic$ 0.48$ 0.53$ 0.70$ 0.69
Diluted$ 0.48$ 0.53$ 0.70$ 0.69
Dividends Declared per Common Share$ 0.125$ 0.125$ 0.375$ 0.375
Public Service Company of New Mexico [Member]
    
Electric Operating Revenues    
Electric Operating Revenues323,760304,268797,232777,864
Operating Expenses:    
Cost of energy108,70898,030279,419264,102
Administrative and general37,91642,107110,833117,291
Energy production costs39,73042,306135,510148,000
Regulatory disallowances0017,4790
Depreciation and amortization25,05823,11171,69168,887
Transmission and distribution costs11,8489,81935,35729,450
Taxes other than income taxes12,5868,22030,32323,612
Total operating expenses235,846223,593680,612651,342
Operating income87,91480,675116,620126,522
Other Income and Deductions:    
Interest income3,7704,52312,05214,538
Gains (losses) on investments held by NDT(4,109)2,2067,6882,606
Other income1,1798071,92111,989
Other deductions(2,643)(1,111)(5,480)(3,526)
Net other income (deductions)(1,803)6,42516,18125,607
Interest Charges18,48718,01154,59354,473
Earnings before Income Taxes67,62469,08978,20897,656
Income Taxes25,05225,92626,57434,748
Net Earnings42,57243,16351,63462,908
(Earnings) Attributable to Valencia Non-controlling Interest(4,111)(3,909)(10,764)(10,305)
Preferred Stock Dividend Requirements of Subsidiary(132)(132)(396)(396)
Net Earnings Attributable to Company38,46139,25440,87052,603
Net Earnings (Loss) Available for Company Common Stock38,32939,12240,47452,207
Texas-New Mexico Power Company [Member]
    
Electric Operating Revenues    
Non-affiliates54,78749,709150,175131,233
Affiliate12,19611,49530,60830,717
Total electric operating revenues66,98361,204180,783161,950
Operating Expenses:    
Cost of energy10,3079,27630,71927,383
Administrative and general9,9989,62029,79827,932
Regulatory disallowances003,9230
Depreciation and amortization12,67411,59433,66231,728
Transmission and distribution costs6,0725,19217,59715,121
Taxes other than income taxes6,3815,89916,11315,481
Total operating expenses45,43241,581131,812117,645
Operating income21,55119,62348,97144,305
Other Income and Deductions:    
Interest income1011
Other income418961,068769
Other deductions(105)(8)(181)(52)
Net other income (deductions)31488888718
Interest Charges7,2767,66121,88023,483
Earnings before Income Taxes14,58912,05027,97921,540
Income Taxes5,7214,72110,8458,461
Net Earnings$ 8,868$ 7,329$ 17,134$ 13,079