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Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Electric Operating Revenues      
Contracts with customers $ 1,569,405 $ 1,469,799 $ 1,377,208
Alternative revenue programs (3,764) (11,994) (542)
Other electric operating revenue 214,232 65,207 80,937
Total electric operating revenues 1,779,873 1,523,012 1,457,603
Operating Expenses:      
Administrative and general 230,292 216,334 189,227
Regulatory disallowances and restructuring costs 1,194 1,098 151,095
Depreciation and amortization 284,107 275,612 267,808
Transmission and distribution costs 81,335 77,943 69,862
Taxes other than income taxes 86,008 81,526 80,054
Total operating expenses 1,471,720 1,237,731 1,313,403
Operating income 308,153 285,281 144,200
Other Income and Deductions:      
Interest income 14,662 14,223 14,022
Gains on investment securities 16,850 21,599 29,589
Other income 20,200 19,973 15,382
Other (deductions) (18,559) (18,732) (15,328)
Net other income and (deductions) 33,153 37,063 43,665
Interest Charges 96,877 114,392 121,016
Earnings before Income Taxes 244,429 207,952 66,849
Income Taxes (Benefits) 32,582 20,636 (25,282)
Net Earnings 211,847 187,316 92,131
(Earnings) Attributable to Valencia Non-controlling Interest (15,490) (14,013) (14,241)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 195,829 172,775 77,362
Public Service Company of New Mexico      
Electric Operating Revenues      
Contracts with customers 1,151,896 1,078,158 1,010,898
Alternative revenue programs (4,108) (3,531) 1,987
Other electric operating revenue 214,232 65,207 80,937
Total electric operating revenues 1,362,020 1,139,834 1,093,822
Operating Expenses:      
Administrative and general 196,719 180,113 172,903
Regulatory disallowances and restructuring costs 1,194 1,098 150,599
Depreciation and amortization 170,365 165,325 160,368
Transmission and distribution costs 49,846 49,534 42,970
Taxes other than income taxes 46,682 45,723 45,644
Total operating expenses 1,140,523 924,937 1,032,754
Operating income 221,497 214,897 61,068
Other Income and Deductions:      
Interest income 14,605 14,469 14,303
Gains on investment securities 16,850 21,599 29,589
Other income 11,390 9,800 9,213
Other (deductions) (14,431) (14,279) (11,813)
Net other income and (deductions) 28,414 31,589 41,292
Interest Charges 51,360 64,615 72,900
Earnings before Income Taxes 198,551 181,871 29,460
Income Taxes (Benefits) 26,992 21,857 (25,962)
Net Earnings 171,559 160,014 55,422
(Earnings) Attributable to Valencia Non-controlling Interest (15,490) (14,013) (14,241)
Net earnings 156,069 146,001 41,181
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 155,541 145,473 40,653
Electricity      
Electric Operating Revenues      
Total electric operating revenues 1,779,873 1,523,012 1,457,603
Operating Expenses:      
Cost of energy and production costs 644,853 447,241 412,812
Electricity | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs 531,786 345,167 317,725
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs 143,931 137,977 142,545
Electricity, Generation | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs $ 143,931 $ 137,977 $ 142,545