Earnings Per Share (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	54,555	$	57,864	$	92,859	$	96,456
Average Number of Common Shares:
Outstanding during period	79,654		79,654		79,654		79,654
Vested awards of restricted stock	177		114		194		156
Average Shares - Basic	79,831		79,768		79,848		79,810
Dilutive Effect of Common Stock Equivalents (1):
Stock options and restricted stock	503		622		608		600
Average Shares - Diluted	80,334		80,390		80,456		80,410
Net Earnings Per Share of Common Stock:
Basic	$	0.68	$	0.73	$	1.16	$	1.21
Diluted	$	0.68	$	0.72	$	1.15	$	1.20

⁽¹⁾  Excludes the effect of out-of-the-money options for 793,010 shares of common stock at September 30, 2013.