Related Party Transactions

9 Months Ended

Sep. 30, 2014

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,
	2014		2013		2014		2013
	(In thousands)
Services billings:
PNMR to PNM	$	20,813	$	22,241	$	64,069	$	65,729
PNMR to TNMP	6,471		6,731		20,695		20,948
PNM to TNMP	142		140		402		381
TNMP to PNMR	20		2		21		6
Interest billings:
PNMR to TNMP	65		139		245		354
PNMR to PNM	1		—		55		1
PNM to PNMR	28		35		79		113
Income tax sharing payments:
PNMR to PNM	—		—		—		45,000
PNMR to TNMP	—		—		—		—

- 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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