XML 43 R33.htm IDEA: XBRL DOCUMENT ﻿
v2.3.0.11

Optim Energy (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2011
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments [Table Text Block] | Summarized financial information for Optim Energy is as follows: Results of Operations
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2011 |  | 2010 |  | 2011 |  | 2010
|  |  | (In thousands) |  |
Operating revenues | $ | 77,315 |  |  | $ | 86,871 |  |  | $ | 151,248 |  |  | $ | 192,465 |
Cost of energy | 54,908 |  |  | 61,235 |  |  | 112,875 |  |  | 138,532 |
Gross margin | 22,407 |  |  | 25,636 |  |  | 38,373 |  |  | 53,933 |
Non-fuel operations and maintenance expenses | 9,408 |  |  | 6,450 |  |  | 18,651 |  |  | 16,970 |
Administrative and general expenses | 6,356 |  |  | 4,944 |  |  | 13,293 |  |  | 10,556 |
Depreciation and amortization expense | 13,126 |  |  | 12,852 |  |  | 24,739 |  |  | 24,909 |
Taxes other than income tax | 2,347 |  |  | 3,162 |  |  | 4,717 |  |  | 6,596 |
Operating income (loss) | (8,830 | ) |  | (1,772 | ) |  | (23,027 | ) |  | (5,098 | )
Interest charges | (3,981 | ) |  | (4,661 | ) |  | (7,965 | ) |  | (9,332 | )
Other income (deductions) | 195 |  |  | 2 |  | 263 |  |  | 66
Earnings (loss) before income taxes | (12,616 | ) |  | (6,431 | ) |  | (30,729 | ) |  | (14,364 | )
Income taxes(1) | 94 |  |  | 36 |  | 141 |  |  | 68
Net earnings (loss) | $ | (12,710 | ) |  | $ | (6,467 | ) |  | $ | (30,870 | ) |  | $ | (14,432 | )
50 percent of net earnings (loss) | $ | (6,355 | ) |  | $ | (3,234 | ) |  | $ | (15,435 | ) |  | $ | (7,216 | )
Amortization of basis difference in Optim Energy | — |  |  | (624 | ) |  | — |  |  | (994 | )
Post-impairment loss not recorded under GAAP | 6,355 |  |  | — |  |  | 15,435 |  |  | — |
PNMR equity in net earnings (loss) of Optim Energy | $ | — |  |  | $ | (3,858 | ) |  | $ | — |  |  | $ | (8,210 | )
(1) Represents the Texas Margin Tax, which is considered an income tax under GAAP. Financial Position
| June 30, |  | December 31,
| 2011 |  | 2010
| (In thousands)
Current assets | $ | 102,851 |  |  | $ | 105,413 |
Net property plant and equipment | 908,666 |  |  | 924,354 |
Other long-term assets | 112,196 |  |  | 120,894 |
Total assets | 1,123,713 |  |  | 1,150,661 |
Current maturities of long-term debt | 717,000 |  |  | — |
Other current liabilities | 52,220 |  |  | 50,226 |
Long-term debt | — |  |  | 717,000 |
Other long-term liabilities | 9,397 |  |  | 7,515 |
Total liabilities | 778,617 |  |  | 774,741 |
Owners’ equity | $ | 345,096 |  |  | $ | 375,920 |
50 percent of owners’ equity | $ | 172,548 |  |  | $ | 187,960 |
PNMR basis difference in Optim Energy | 193 |  |  | 216
Impairment of equity investment in Optim Energy | (188,176 | ) |  | (188,176 | )
Post-impairment loss not recorded under GAAP | 15,435 |  |  | — |
PNMR equity investment in Optim Energy | $ | — |  |  | $ | — |

X
- Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration