Related Party Transactions

9 Months Ended

Sep. 30, 2017

PNMR, PNM, and TNMP are considered related parties as defined under GAAP, as is PNMR Services Company, a wholly-owned subsidiary of PNMR that provides corporate services to PNMR and its subsidiaries in accordance with shared services agreements. These services are billed at cost on a monthly basis to the business units. 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,
	2017		2016		2017		2016
	(In thousands)
Services billings:
PNMR to PNM	$	23,451	$	22,189	$	71,044	$	67,192
PNMR to TNMP	7,828		6,593		23,771		20,881
PNM to TNMP	115		105		302		347
TNMP to PNMR	35		10		106		30
TNMP to PNM	8		84		154		171
Interest billings:
PNMR to TNMP	66		13		126		112
PNMR to PNM	3		3		14		8
PNM to PNMR	71		38		163		110
Income tax sharing payments:
PNMR to PNM	—		—		—		—
PNMR to TNMP	—		—		—		—