Related Party Transactions

9 Months Ended

Sep. 30, 2013

PNMR, PNM, and TNMP are considered related parties as defined under GAAP. PNMR Services Company provides corporate services to PNMR and its subsidiaries in accordance with shared services agreements. The table below summarizes the nature and amount of related party transactions of PNMR, PNM, and TNMP:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013	2012
	(In thousands)
Services billings:
PNMR to PNM	$	22,241	$	22,143	65,729	68,030
PNMR to TNMP	6,731		6,439		20,948	20,206
PNM to TNMP	140		184		381	473
TNMP to PNMR	2		4		6	12
Interest billings:
PNMR to TNMP	139		22		354	72
PNMR to PNM	—		—		1	1
PNM to PNMR	35		45		113	134
Income tax sharing payments:
PNMR to PNM	—		—		45,000	63,114
PNMR to TNMP	—		—		—	1,952

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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