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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows From Operating Activities:      
Net earnings (loss) $ 190,934 $ (31,124) $ 136,734
Net Earnings 176,359 (45,215) 124,316
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:      
Depreciation and amortization 195,366 186,067 173,446
PVNGS firm-sales contract revenue (2,558) (58,289) (56,887)
Bad debt expense 24,116 27,566 44,071
Deferred income tax expense 124,424 35,674 27,727
Equity in net (earnings) loss of Optim Energy 0 15,223 30,145
Impairment of equity investment in Optim Energy 0 188,176 0
Net unrealized (gains) losses on derivatives (8,713) 29,303 (9,570)
Realized (gains) on investments held by NDT (8,985) (4,868) (4,502)
(Gain) on sale of PNM Gas 0 0 (98,425)
(Gain) on reacquired debt 9,209 0 (7,317)
Stock based compensation expense 6,556 2,894 2,188
Regulatory disallowances 21,402 0 27,542
Settlement of Legal Proceeding 0 0 31,969
Other, net (939) (1,719) (7,096)
(Gain) on sale (174,925) 0 0
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (70,734) (11,398) (48,809)
Materials, supplies, and fuel stock (2,200) (1,848) (1,083)
Other current assets (21,979) (42,841) 47,559
Other assets (15,835) 8,559 725
Accounts payable 20,969 (15,462) (70,540)
Accrued interest and taxes 7,304 34,163 (94,996)
Other current liabilities 3,460 (35,974) (20,980)
Proceeds from governmental grants 2,103 0 0
Other liabilities (6,735) (36,750) (14,195)
Net cash flows from operating activities 292,240 287,352 87,706
Cash Flows From Investing Activities:      
Utility plant additions (326,931) (281,488) (288,031)
Proceeds from sales of investments held by NDT 145,286 79,853 124,054
Purchases of investments held by NDT (149,185) (85,847) (129,833)
Return of principal on PVNGS lessor notes 32,274 29,851 27,068
Investments in Optim Energy 0 (20,279) 0
Other, net (17) 2,004 4,697
Net cash flows from investing activities 19,778 (275,906) 379,726
Cash Flows From Financing Activities:      
Short-term borrowings (repayments), net (139,300) 24,000 (546,667)
Long-term borrowings 210,000 403,845 345,242
Repayment of long-term debt (110,752) (405,970) (352,084)
Purchase of preferred stock (73,475) 0 0
Purchases of common stock (125,683) 0 0
Issuance of common stock 0 0 1,245
Proceeds from stock option exercise 5,622 1,247 0
Purchases to satisfy awards of common stock (10,104) (2,986) (951)
Excess tax (shortfall) from stock-based payment arrangements 0 (580) (760)
Payments received on PVNGS firm-sales contracts 2,558 30,476 30,737
Dividends paid (45,656) (46,254) (46,229)
Equity transactions with Valencia's owner (16,801) (17,745) (13,639)
Proceeds from transmission interconnection agreements 1,246 8,515 0
Repayment of transmission interconnection agreements (4,637) 0 0
Debt issuance costs and other (5,349) (5,231) (10,329)
Net cash flows from financing activities (312,331) (10,683) (593,435)
Change in Cash and Cash Equivalents (313) 763 (126,003)
Cash and Cash Equivalents at Beginning of Year 15,404 14,641 140,644
Cash and Cash Equivalents at End of Year 15,091 15,404 14,641
Supplemental Cash Flow Disclosures:      
Interest paid, net of capitalized interest 116,391 119,676 118,798
Income taxes paid (refunded), net (5,527) (99,318) 118,160
Public Service Company of New Mexico [Member]
     
Cash Flows From Operating Activities:      
Net earnings (loss) 68,538 70,861 102,702
Net Earnings 54,491 57,298 90,812
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:      
Depreciation and amortization 123,216 117,619 108,505
PVNGS firm-sales contract revenue (2,558) (58,289) (56,887)
Deferred income tax expense 90,567 113,680 4,648
Net unrealized (gains) losses on derivatives (3,822) 5,693 (4,487)
Realized (gains) on investments held by NDT (8,985) (4,868) (4,502)
(Gain) on sale of PNM Gas 0 0 (98,425)
Regulatory disallowances 17,479 0 26,872
Settlement of Legal Proceeding 0 0 31,969
Other, net 4,216 882 383
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (23,487) 8,145 (19,815)
Materials, supplies, and fuel stock (2,067) (1,665) (385)
Other current assets (14,916) (24,434) 17,679
Other assets (795) 21,569 10,821
Accounts payable 12,524 (5,542) (40,932)
Accrued interest and taxes (45,579) (15,992) (88,182)
Other current liabilities 15,216 (27,914) (12,915)
Proceeds from governmental grants 2,103 0 0
Other liabilities (18,612) (50,617) (16,357)
Net cash flows from operating activities 213,038 149,128 (39,308)
Cash Flows From Investing Activities:      
Utility plant additions (251,345) (226,766) (256,769)
Proceeds from sales of investments held by NDT 145,286 79,853 124,054
Purchases of investments held by NDT (149,185) (85,847) (129,833)
Transaction costs for sale 0 0 (11,162)
Return of principal on PVNGS lessor notes 32,274 29,851 30,871
Other, net 1,782 2,319 2,400
Net cash flows from investing activities (221,188) (200,590) 412,494
Cash Flows From Financing Activities:      
Short-term borrowings (repayments), net (124,000) 72,000 (222,000)
Long-term borrowings 160,000 403,845 36,000
Repayment of long-term debt 0 (403,845) (36,000)
Payments received on PVNGS firm-sales contracts 2,558 30,476 30,737
Equity contributions from parent 43,000 0 86,253
Dividends paid (47,862) (28,524) (300,276)
Equity transactions with Valencia's owner (16,801) (17,745) (13,639)
Other, net (3,383) (4,297) 491
Proceeds from transmission interconnection agreements 1,246 8,515 0
Repayment of transmission interconnection agreements (4,637) 0 0
Net cash flows from financing activities 10,121 60,425 (418,434)
Change in Cash and Cash Equivalents 1,971 8,963 (45,248)
Cash and Cash Equivalents at Beginning of Year 10,336 1,373 46,621
Cash and Cash Equivalents at End of Year 12,307 10,336 1,373
Supplemental Cash Flow Disclosures:      
Interest paid, net of capitalized interest 69,995 72,392 68,486
Income taxes paid (refunded), net (1,541) (59,298) 126,528
Supplemental schedule of noncash investing and financing activities:      
Utility plant purchased through assumption of long-term debt (see Note 2)       31,982
Texas-New Mexico Power Company [Member]
     
Cash Flows From Operating Activities:      
Net Earnings 22,257 15,982 12,166
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:      
Depreciation and amortization 48,572 45,703 42,589
Deferred income tax expense 15,478 4,962 31,855
Regulatory disallowances 3,923 0 670
Other, net (532) 23 517
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (9,130) 536 (1,134)
Materials, supplies, and fuel stock 77 (195) (966)
Other current assets 4,777 (3,011) (712)
Other assets (3,247) (2,937) (3,467)
Accounts payable 2,225 (706) (5,604)
Accrued interest and taxes (2,520) 17,442 (29,254)
Other current liabilities 513 (24) 2,147
Other liabilities (611) (581) (2,603)
Net cash flows from operating activities 81,782 77,194 46,204
Cash Flows From Investing Activities:      
Utility plant additions (67,407) (41,018) (53,063)
Net cash flows from investing activities (67,407) (41,018) (53,063)
Cash Flows From Financing Activities:      
Short-term borrowings (repayments), net 0 0 (150,000)
Short-term borrowings (repayments), net – affiliate (500) (22,300) 34,606
Long-term borrowings 50,000 0 309,242
Repayment of long-term debt (50,000) 0 (167,690)
Equity contributions from parent     (25,206)
Dividends paid (13,714) (13,079) (9,339)
Debt issuance costs and other (161) (934) (9,946)
Net cash flows from financing activities (14,375) (36,313) 6,873
Change in Cash and Cash Equivalents 0 (137) 14
Cash and Cash Equivalents at Beginning of Year 1 138 124
Cash and Cash Equivalents at End of Year 1 1 138
Supplemental Cash Flow Disclosures:      
Interest paid, net of capitalized interest 27,236 27,696 24,465
Income taxes paid (refunded), net 1,466 (11,705) 5,887
Supplemental schedule of noncash investing and financing activities:      
Equity contribution from parent through forgiveness of short-term debt     25,206
First Choice [Member]
     
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:      
(Gain) on sale 329,281 0 0
Cash Flows From Investing Activities:      
Transaction costs for sale (10,930) 0 0
PNM [Member]
     
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:      
(Gain) on sale 0 0 652,933
Cash Flows From Investing Activities:      
Transaction costs for sale 0 0 (11,162)
PNM [Member] | Public Service Company of New Mexico [Member]
     
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:      
(Gain) on sale $ 0 $ 0 $ 652,933