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Condensed Consolidated Statements of Earnings (Loss) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Electric Operating Revenues        
Affiliate $ 0 $ 0 $ 0 $ 0
Electric Operating Revenues 415,586 405,817 803,249 789,212
Operating Expenses:        
Cost of energy 173,454 151,181 331,961 342,069
Administrative and general 68,795 62,420 127,260 125,205
Energy production costs 47,127 51,811 95,779 105,696
Regulatory disallowances 21,402 0 21,402 0
Depreciation and amortization 38,272 37,376 76,745 74,655
Transmission and distribution costs 18,161 15,672 35,038 29,562
Taxes other than income taxes 15,515 13,683 29,985 27,869
Total operating expenses 382,726 332,143 718,170 705,056
Operating income 32,860 73,674 85,079 84,156
Other Income and Deductions:        
Interest income 4,234 5,083 8,261 10,110
Gains (losses) on investments held by NDT 5,894 (1,342) 11,797 400
Other income 809 1,171 1,804 11,370
Equity in net earnings (loss) of Optim Energy 0 (3,858) 0 (8,210)
Other deductions (3,881) (3,173) (6,953) (5,014)
Net other income (deductions) 7,056 (2,119) 14,909 8,656
Interest Charges 30,512 31,761 61,127 63,171
Earnings before Income Taxes 9,404 39,794 38,861 29,641
Income Taxes (Benefit) 1,735 13,492 11,241 8,552
Net Earnings 7,669 26,302 27,620 21,089
(Earnings) Attributable to Valencia Non-controlling Interest (3,470) (3,292) (6,652) (6,396)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (264) (264)
Net Earnings Attributable to Company 4,067 22,878 20,704 14,429
Net Earnings Attributable to PNMR per Common Share:        
Basic $ 0.04 $ 0.25 $ 0.23 $ 0.16
Diluted $ 0.04 $ 0.25 $ 0.22 $ 0.16
Dividends Declared per Common Share $ 0.125 $ 0.125 $ 0.250 $ 0.250
Public Service Company of New Mexico [Member]
       
Electric Operating Revenues        
Electric Operating Revenues 239,234 243,060 473,472 473,596
Operating Expenses:        
Cost of energy 81,497 79,639 170,711 166,073
Administrative and general 38,580 37,498 72,916 75,184
Energy production costs 47,127 51,809 95,779 105,694
Regulatory disallowances 17,479 0 17,479 0
Depreciation and amortization 22,897 22,924 46,632 45,776
Transmission and distribution costs 11,902 10,323 23,509 19,631
Taxes other than income taxes 9,209 7,477 17,740 15,391
Total operating expenses 228,691 209,670 444,766 427,749
Operating income 10,543 33,390 28,706 45,847
Other Income and Deductions:        
Interest income 4,225 5,081 8,282 10,015
Gains (losses) on investments held by NDT 5,894 (1,342) 11,797 400
Other income 441 1,145 742 11,182
Other deductions (1,851) (1,794) (2,837) (2,415)
Net other income (deductions) 8,709 3,090 17,984 19,182
Interest Charges 18,027 18,385 36,107 36,462
Earnings before Income Taxes 1,225 18,095 10,583 28,567
Income Taxes (Benefit) (872) 5,901 1,522 8,822
Net Earnings 2,097 12,194 9,061 19,745
(Earnings) Attributable to Valencia Non-controlling Interest (3,470) (3,292) (6,652) (6,396)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (264) (264)
Net Earnings Attributable to Company (1,373) 8,902 2,409 13,349
Net Earnings (Loss) Available for Company Common Stock (1,505) 8,770 2,145 13,085
Texas-New Mexico Power Company [Member]
       
Electric Operating Revenues        
Non-affiliates 50,359 42,934 95,387 81,525
Affiliate 9,598 9,635 18,412 19,221
Total electric operating revenues 59,957 52,569 113,799 100,746
Operating Expenses:        
Cost of energy 10,259 9,057 20,412 18,107
Administrative and general 10,135 8,818 19,801 18,312
Regulatory disallowances 3,923 0 3,923 0
Depreciation and amortization 10,726 10,040 20,987 20,135
Transmission and distribution costs 6,256 5,348 11,524 9,929
Taxes other than income taxes 4,963 4,865 9,733 9,581
Total operating expenses 46,262 38,128 86,380 76,064
Operating income 13,695 14,441 27,419 24,682
Other Income and Deductions:        
Other income 288 309 650 673
Other deductions (29) (26) (75) (43)
Net other income (deductions) 259 283 575 630
Interest Charges 7,305 7,953 14,604 15,822
Earnings before Income Taxes 6,649 6,771 13,390 9,490
Income Taxes (Benefit) 2,547 2,665 5,125 3,740
Net Earnings $ 4,102 $ 4,106 $ 8,265 $ 5,750