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Condensed Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cost of Revenue [Abstract]    
Contracts with customers $ 384,493 $ 346,585
Alternative revenue programs (5,505) (909)
Other electric operating revenue 65,130 19,031
Total electric operating revenues 444,118 364,707
Operating Expenses:    
Administrative and general 55,861 59,465
Depreciation and amortization 75,764 69,874
Transmission and distribution costs 18,466 17,317
Taxes other than income taxes 23,979 22,593
Total operating expenses 376,050 321,541
Operating income 68,068 43,166
Other Income and Deductions:    
Interest income 4,292 3,559
Gains (losses) on investment securities (26,573) 968
Other income 4,330 4,252
Other (deductions) (2,241) (3,290)
Net other income and deductions (20,192) 5,489
Interest Charges 26,220 25,884
Earnings before Income Taxes 21,656 22,771
Income Taxes 2,438 1,566
Net Earnings 19,218 21,205
(Earnings) Attributable to Valencia Non-controlling Interest (3,095) (3,494)
Preferred Stock Dividend Requirements (132) (132)
Net Earnings Available for PNM Common Stock 15,991 17,579
Energy    
Cost of Revenue [Abstract]    
Total electric operating revenues 444,118 364,707
Operating Expenses:    
Energy costs 168,414 115,396
Energy Production    
Operating Expenses:    
Energy costs 33,566 36,896
PNM    
Cost of Revenue [Abstract]    
Contracts with customers 275,644 251,206
Alternative revenue programs (2,065) 976
Other electric operating revenue 65,130 19,031
Total electric operating revenues 338,709 271,213
Operating Expenses:    
Administrative and general 50,347 47,134
Depreciation and amortization 45,790 41,949
Transmission and distribution costs 11,611 10,659
Taxes other than income taxes 13,565 12,639
Total operating expenses 293,693 238,163
Operating income 45,016 33,050
Other Income and Deductions:    
Interest income 3,133 3,595
Gains (losses) on investment securities (26,573) 968
Other income 3,048 2,708
Other (deductions) (1,691) (2,432)
Net other income and deductions (22,083) 4,839
Interest Charges 14,572 12,893
Earnings before Income Taxes 8,361 24,996
Income Taxes 823 2,834
Net Earnings 7,538 22,162
(Earnings) Attributable to Valencia Non-controlling Interest (3,095) (3,494)
Net Earnings Attributable to PNM 4,443 18,668
Preferred Stock Dividend Requirements (132) (132)
Net Earnings Available for PNM Common Stock 4,311 18,536
PNM | Energy    
Operating Expenses:    
Energy costs 138,814 88,886
PNM | Energy Production    
Operating Expenses:    
Energy costs $ 33,566 $ 36,896