Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows From Operating Activities:
Net Earnings	$ 26,446	$ 13,965
Net earnings	22,862	10,546
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	65,888	58,563
Deferred income tax expense	10,787	7,187
Net unrealized (gains) on commodity derivatives	(1,345)	(1,435)
Realized (gains) on available-for-sale securities	(6,661)	(6,218)
Stock based compensation expense	2,687	2,653
Regulatory disallowances and restructuring costs	0	774
Other, net	(928)	(612)
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	20,553	36,215
Materials, supplies, and fuel stock	1,836	(1,716)
Other current assets	11,441	(18,720)
Other assets	2,753	277
Accounts payable	(3,852)	2,004
Accrued interest and taxes	12,542	18,276
Other current liabilities	(10,009)	(16,583)
Other liabilities	(534)	(4,032)
Net cash flows from operating activities	131,604	90,598
Cash Flows From Investing Activities:
Additions to utility and non-utility plant	(114,830)	(278,764)
Proceeds from sales of available-for-sale securities	266,388	124,900
Purchases of available-for-sale securities	(267,891)	(126,101)
Return of principal on PVNGS lessor notes	0	8,547
Investment in Westmoreland Loan	0	(122,250)
Principal repayments on Westmoreland Loan	9,590	0
Other, net	128	150
Net cash flows from investing activities	(106,615)	(393,518)
Cash Flows From Financing Activities:
Revolving credit facilities borrowings, net	16,000	107,400
Long-term borrowings	0	182,500
Repayment of long-term debt	(9,444)	0
Proceeds from stock option exercise	1,112	3,275
Awards of common stock	(11,032)	(10,020)
Dividends paid	(19,448)	(17,656)
Valencia’s transactions with its owner	(4,028)	(3,999)
Other, net	(388)	(761)
Net cash flows from financing activities	(27,228)	260,739
Change in Cash and Cash Equivalents	(2,239)	(42,181)
Cash and Cash Equivalents at Beginning of Period	4,522	46,051
Cash and Cash Equivalents at End of Period	2,283	3,870
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	14,951	11,403
Income taxes paid (refunded), net	(125)	0
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	10,367	20,149
Public Service Company of New Mexico
Cash Flows From Operating Activities:
Net Earnings	20,110	7,561
Net earnings	16,658	4,274
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	44,691	40,225
Deferred income tax expense	7,878	3,727
Net unrealized (gains) on commodity derivatives	(1,345)	(1,435)
Realized (gains) on available-for-sale securities	(6,661)	(6,218)
Regulatory disallowances and restructuring costs	0	774
Other, net	(759)	(611)
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	17,414	33,417
Materials, supplies, and fuel stock	2,083	(5,060)
Other current assets	12,399	(13,527)
Other assets	4,399	3,311
Accounts payable	(2,509)	5,130
Accrued interest and taxes	16,954	20,221
Other current liabilities	2,946	(9,335)
Other liabilities	(1,325)	(4,505)
Net cash flows from operating activities	116,275	73,675
Cash Flows From Investing Activities:
Additions to utility and non-utility plant	(65,781)	(238,734)
Proceeds from sales of available-for-sale securities	266,388	124,900
Purchases of available-for-sale securities	(267,891)	(126,101)
Return of principal on PVNGS lessor notes	0	8,547
Other, net	128	150
Net cash flows from investing activities	(67,156)	(231,238)
Cash Flows From Financing Activities:
Revolving credit facilities borrowings, net	(44,800)	118,800
Dividends paid	(132)	(132)
Valencia’s transactions with its owner	(4,028)	(3,999)
Other, net	(389)	(53)
Net cash flows from financing activities	(49,349)	114,616
Change in Cash and Cash Equivalents	(230)	(42,947)
Cash and Cash Equivalents at Beginning of Period	324	43,138
Cash and Cash Equivalents at End of Period	94	191
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	9,330	8,561
Income taxes paid (refunded), net	0	0
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	3,449	16,747
Texas-New Mexico Power Company
Cash Flows From Operating Activities:
Net earnings	7,604	7,456
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	15,921	14,936
Deferred income tax expense	2,746	194
Allowance for equity funds used during construction and other, net	(168)	0
Changes in certain assets and liabilities:
Accounts receivable and unbilled revenues	3,138	2,798
Materials, supplies, and fuel stock	(247)	3,344
Other current assets	(838)	(1,842)
Other assets	(2,042)	(2,694)
Accounts payable	(788)	(3,788)
Accrued interest and taxes	(3,991)	939
Other current liabilities	134	163
Other liabilities	361	81
Net cash flows from operating activities	21,830	21,587
Cash Flows From Investing Activities:
Additions to utility and non-utility plant	(36,345)	(32,947)
Net cash flows from investing activities	(36,345)	(32,947)
Cash Flows From Financing Activities:
Revolving credit facilities borrowings, net	22,000	(44,000)
Short-term borrowings (repayments) - affiliate, net	1,700	(3,900)
Long-term borrowings	0	60,000
Dividends paid	(9,855)	0
Other, net	0	(740)
Net cash flows from financing activities	13,845	11,360
Change in Cash and Cash Equivalents	(670)	0
Cash and Cash Equivalents at Beginning of Period	671	1
Cash and Cash Equivalents at End of Period	1	1
Supplemental Cash Flow Disclosures:
Interest paid, net of amounts capitalized	2,584	1,719
Income taxes paid (refunded), net	0	0
Supplemental schedule of noncash investing activities:
(Increase) decrease in accrued plant additions	$ 2,235	$ 2,047