Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Information regarding the computation of earnings per share is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	27,678	$	21,512	$	38,304	$	38,592
Average Number of Common Shares:
Outstanding during period	79,654		79,654		79,654		79,654
Vested awards of restricted stock	194		154		202		177
Average Shares - Basic	79,848		79,808		79,856		79,831
Dilutive Effect of Common Stock Equivalents (1):
Stock options and restricted stock	607		558		661		590
Average Shares - Diluted	80,455		80,366		80,517		80,421
Net Earnings Per Share of Common Stock:
Basic	$	0.35	$	0.27	$	0.48	$	0.48
Diluted	$	0.34	$	0.27	$	0.48	$	0.48

⁽¹⁾  Excludes the effect of out-of-the-money options for 825,877 shares of common stock at June 30, 2013.