Regulatory and Rate Matters - Regulatory and Rate Matters (Tables)

12 Months Ended

Dec. 31, 2023

Regulated Operations [Abstract]

Schedule Of Renewable Energy Rider

The following sets forth PNM’s revenues recorded for the renewable energy rider:

Year Ended	Annual Revenues
	(In millions)
2021	$61.7
2022	60.3
2023	56.9

Schedule of Rate Increases for Transmission Costs

The following sets forth TNMP’s EECRF increases:

Effective Date	Aggregate Collection Amount		Performance Bonus
	(In millions)
March 1, 2021	$	5.9	$	1.0
March 1, 2022	7.2		2.3
March 1, 2023	7.3		1.9

The following sets forth TNMP’s recent interim transmission cost rate increases:

Effective Date	Approved Increase in Rate Base		Annual Increase in Revenue
	(In millions)
March 12, 2021	$	112.6	$	14.1
September 20, 2021	41.2		6.3
March 25, 2022	95.6		14.2
September 22, 2022	36.0		5.3
May 12, 2023	150.5		19.4
September 6, 2023	21.4		4.2

The following sets forth TNMP’s recent interim distribution rate increases:

Effective Date	Approved Increase in Rate Base		Annual Increase in Revenue
	(In millions)
September 1, 2021	$	104.5	$	13.5
September 1, 2022	95.7		6.8
September 1, 2023	157.0		14.5

Public Utilities, Property, Plant And Equipment, Plant Abandonment, Amortization of Present Value of Regulated Asset For Plant Abandonment

On September 29, 2022, SJGS was removed from service and as a result, PNM made the following adjustments reflected on the Consolidated Balance Sheets as of December 31, 2022:

	Net Increase (decrease)
	(In thousands)
Current Assets:
Inventory	$	(6,430)
Utility Plant:
Net utility plant	(382,798)
Deferred Charges and Other Assets:
Regulatory assets - ETA (1)	289,381
Regulatory assets - Non-ETA (2)	22,593
Deferred Credits and Other Liabilities:
Regulatory liabilities (3)	(77,254)
	$	—

(1) To be recovered through the Energy Transition Charge, which includes undepreciated investments of $274.9 million and plant decommissioning of $14.5 million, previously reflected in Net utility plant.

(2) Authorized to be recorded as regulatory assets for certain other abandonment costs that are not specifically addressed under the provisions of the ETA to preserve its ability to recover the costs in a future general rate case, which includes obsolete inventory of $6.4 million and plant decommissioning of $16.2 million, previously reflected in Net utility plant.

(3) Includes cost of removal and accelerated depreciation of SNCRs.