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Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Taxes [Line Items]      
Federal income tax at statutory rates $ 51,330 $ 43,670 $ 14,038
Amortization of accumulated investment tax credits (1,247) (890) (522)
Amortization of excess deferred income tax (24,484) (30,723) (37,799)
Flow-through of depreciation items 798 1,368 1,136
Earnings attributable to non-controlling interest in Valencia (3,253) (2,943) (2,991)
State income tax, net of federal (benefit) 9,660 6,961 298
Allowance for equity funds used during construction (2,776) (2,363) (1,990)
Regulatory recovery of prior year impairments of state net operating loss carryforward, including amortization 0 1,367 1,367
Tax benefit related to stock compensation awards (788) (392) (795)
Non-deductible compensation 899 2,630 1,156
Transaction costs 848 0 0
Other 1,595 1,951 820
Total income taxes (benefit) $ 32,582 $ 20,636 $ (25,282)
Effective tax rate 13.33% 9.92% (37.82%)
Public Service Company of New Mexico      
Income Taxes [Line Items]      
Federal income tax at statutory rates $ 41,696 $ 38,193 $ 6,187
Amortization of accumulated investment tax credits (237) (243) (247)
Amortization of excess deferred income tax (15,158) (21,609) (28,923)
Flow-through of depreciation items 689 1,279 1,077
Earnings attributable to non-controlling interest in Valencia (3,253) (2,943) (2,991)
State income tax, net of federal (benefit) 7,609 7,111 92
Allowance for equity funds used during construction (2,080) (1,461) (1,398)
Regulatory recovery of prior year impairments of state net operating loss carryforward, including amortization 0 1,367 1,367
Tax benefit related to stock compensation awards (563) (279) (559)
Non-deductible compensation 547 1,554 683
Transaction costs 22 0 0
Other (2,280) (1,112) (1,250)
Total income taxes (benefit) $ 26,992 $ 21,857 $ (25,962)
Effective tax rate 13.59% 12.02% (88.13%)
Texas-New Mexico Power Company      
Income Taxes [Line Items]      
Federal income tax at statutory rates $ 15,076 $ 13,628 $ 12,778
Amortization of excess deferred income tax (9,326) (9,113) (8,876)
State income tax, net of federal (benefit) 1,763 1,625 1,532
Tax benefit related to stock compensation awards (224) (112) (236)
Non-deductible compensation 351 1,071 471
Transaction costs (4) 0 0
Other 276 (791) (623)
Total income taxes (benefit) $ 7,912 $ 6,308 $ 5,046
Effective tax rate 11.02% 9.71% 8.29%