Electric Operating Revenues (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

A disaggregation of revenues from contracts with customers by the type of customer is presented in the table below. The table also reflects ARP revenues and other revenues.

	PNM			TNMP		PNMR Consolidated
Year Ended December 31, 2023	(In thousands)
Electric Operating Revenues:
Contracts with customers:
Retail electric revenue
Residential	$	425,448		$	190,953	$	616,401
Commercial	391,964			155,254		547,218
Industrial	90,084			45,508		135,592
Public authority	21,018			6,777		27,795
Economy energy service	34,340			—		34,340
Transmission	159,475			135,831		295,306
Wholesale energy sales	248,801			—		248,801
Miscellaneous	5,676			3,739		9,415
Total revenues from contracts with customers	1,376,806		1	538,062		1,914,868		1
Alternative revenue programs	9,419			(2,812)		6,607
Other electric operating revenues	17,723			—		17,723
Total Electric Operating Revenues	$	1,403,948		$	535,250	$	1,939,198

1 Included in revenue from contracts with customers at PNM and PNMR is a $128.7 million reduction associated with the SJGS abandonment settlement and a $38.4 million reduction associated with PVNGS leased capacity as a result of the NMPRC final order in the 2024 Rate Change.

	PNM		TNMP		PNMR Consolidated
Year Ended December 31, 2022	(In thousands)
Electric Operating Revenues:
Contracts with customers:
Retail electric revenue
Residential	$	484,699	$	187,951	$	672,650
Commercial	422,163		154,059		576,222
Industrial	85,102		36,919		122,021
Public authority	21,330		6,379		27,709
Economy energy service	45,009		—		45,009
Transmission	149,421		113,782		263,203
Wholesale energy sales	534,196		—		534,196
Miscellaneous	5,390		3,817		9,207
Total revenues from contracts with customers	1,747,310		502,907		2,250,217
Alternative revenue programs	692		(20,177)		(19,485)
Other electric operating revenues	18,823		—		18,823
Total Electric Operating Revenues	$	1,766,825	$	482,730	$	2,249,555

	PNM		TNMP		PNMR Consolidated
Year Ended December 31, 2021	(In thousands)
Electric Operating Revenues:
Contracts with customers:
Retail electric revenue
Residential	$	484,720	$	158,796	$	643,516
Commercial	419,251		125,536		544,787
Industrial	88,479		29,089		117,568
Public authority	22,720		6,142		28,862
Economy energy service	35,220		—		35,220
Transmission	87,880		94,152		182,032
Wholesale energy sales	184,132		—		184,132
Miscellaneous	4,770		3,794		8,564
Total revenues from contracts with customers	1,327,172		417,509		1,744,681
Alternative revenue programs	(4,108)		344		(3,764)
Other electric operating revenues	38,956		—		38,956
Total Electric Operating Revenues	$	1,362,020	$	417,853	$	1,779,873