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Sale of FCP | 9 Months Ended
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Sep. 30, 2011
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Sale of First Choice PNMR has previously reported that it was evaluating strategic alternatives with respect to First Choice. On September 23, 2011, PNMR entered into an agreement for the sale of First Choice to Direct LP, Inc. for $270.0 million, subject to adjustment to reflect the actual amounts of certain components of working capital at closing, pursuant to a Stock Purchase Agreement dated September 23, 2011. Closing of the transaction was subject to customary conditions, including an antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act, which was received on October 7, 2011. Closing occurred on November 1, 2011, with PNMR receiving $329.3 million, which includes an estimate of the components of working capital discussed above. For accounting purposes, the sale was effective as of the close of business on October 31, 2011. Such amount is subject to adjustment based on the actual amounts of the components of working capital at October 31, 2011. PNMR expects to use the net proceeds from the sale of First Choice to repurchase, depending on market conditions, certain of PNMR's outstanding debt and equity (see Note 7) and for other corporate purposes, including repayment of borrowings under the PNMR Revolving Credit Facility. PNMR Services Company will continue to provide certain services at cost to First Choice for a transitional period of up to nine months following closing. First Choice is reflected as being "held-for-sale" in PNMR's September 30, 2011 Condensed Consolidated Balance Sheet. Because PNMR will continue to have direct cash flows resulting from transmission and distribution services provided by TNMP to First Choice, First Choice is not reflected as discontinued operations. A summary of the major assets and liabilities reflected as "held-for-sale" in PNMR's September 30, 2011 Condensed Consolidated Balance Sheet. The amounts included in the December 31, 2010 Condensed Consolidated Balance Sheet are also presented for comparative purposes although such amounts are not presented separately on the Condensed Consolidated Balance Sheet.
| September 30, |  | December 31,
| 2011 |  | 2010
| (In thousands)
Current assets of business unit held for sale |  |  |
Cash and cash equivalents | $ | 3,462 |  |  | $ | 3,888 |
Accounts receivable, net of allowance for uncollectible accounts of $11,009 and $9,694 | 49,749 |  |  | 25,719 |
Unbilled revenues | 38,527 |  |  | 26,666 |
Derivative instruments | 28,452 |  |  | 14,556 |
Other current assets | 45,929 |  |  | 44,408 |
| $ | 166,119 |  |  | $ | 115,237 |
Non-current assets of business unit held for sale |  |  |
Net property and equipment | $ | 7,345 |  |  | $ | 6,986 |
Goodwill and other intangible assets, net | 69,308 |  |  | 69,439 |
Derivative instruments | 8,817 |  |  | 5,264 |
Other long-term assets | 15,589 |  |  | 10,718 |
| $ | 101,059 |  |  | $ | 92,407 |
Current liabilities of business unit held for sale |  |  |
Accounts payable | $ | 40,757 |  |  | $ | 28,157 |
Affiliate accounts payable | 6,632 |  |  | 5,001 |
Derivative instruments | 39,272 |  |  | 28,297 |
Other current liabilities | 17,254 |  |  | 17,085 |
| $ | 103,915 |  |  | $ | 78,540 |
Non-current liabilities of business unit held for sale |  |  |
Derivative instruments | $ | 14,460 |  |  | $ | 10,823 |
Other long-term liabilities | 3,136 |  |  | 4,847 |
| $ | 17,596 |  |  | $ | 15,670 |

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2443-110228 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -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 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 + Details
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