Regulatory Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Public Service Company of New Mexico [Member]

Regulatory assets and liabilities reflected in the Consolidated Balance Sheets are presented below.

PNM



	December 31,
	2013			2012
Assets:	(In thousands)
Current:
FPPAC	$	19,394		$	36,266
Other	—			224
	19,394			36,490
Non-Current:
Coal mine reclamation costs	40,144			46,065
Deferred income taxes	61,850			54,781
Loss on reacquired debt	27,490			29,702
Pension and OPEB	206,691			254,351
FPPAC	25,386			18,619
Renewable energy costs	13,311			18,768
Other	9,345			9,670
	384,217			431,956
Total regulatory assets	$	403,611		$	468,446
Liabilities:
Current:
Other	$	(1,081	)	$	(15,172	)
Non-Current:
Cost of removal	$	(266,075	)	$	(257,396	)
Deferred income taxes	(80,495		)	(49,723		)
AROs	(37,567		)	(39,280		)
Renewable energy tax benefits	(26,011		)	(26,988		)
Other	(4,463		)	(6,454		)
	(414,611		)	(379,841		)
Total regulatory liabilities	$	(415,692	)	$	(395,013	)

Texas-New Mexico Power Company [Member]

TNMP



	December 31,
	2013			2012
Assets:	(In thousands)
Current:
Transmission cost recovery factor	$	4,250		$	2,287
Other	772			343
	5,022			2,630
Non-Current:
CTC, including carrying charges	63,606			71,240
Deferred income taxes	10,868			11,179
Pension	19,938			28,307
Loss on reacquired debt	38,616			1,711
Hurricane recovery costs	—			4,572
AMS retirement costs	5,083			3,538
Other	1,627			3,074
	139,738			123,621
Total regulatory assets	$	144,760		$	126,251
Liabilities:
Non-Current:
Cost of removal	$	(30,863	)	$	(31,115	)
Deferred income taxes	(4,563		)	(5,203		)
AMS surcharge	(7,251		)	(6,386		)
OPEB	(3,361		)	(915		)
Total regulatory liabilities	$	(46,038	)	$	(43,619	)