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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Information regarding the computation of earnings per share is as follows:



	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2012				2011				2012				2011
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	57,864			$	43,662			$	96,456			$	64,366
Average Number of Common Shares:
Outstanding during period	79,654				86,673				79,654				86,673
Equivalents from convertible preferred stock (Note 7)	—				4,363				—				4,638
Vested awards of restricted stock	114				164				156				154
Average Shares - Basic	79,768				91,200				79,810				91,465
Dilutive Effect of Common Stock Equivalents ⁽¹⁾:
Stock options and restricted stock	622				542				600				516
Average Shares - Diluted	80,390				91,742				80,410				91,981
Net Earnings Per Share of Common Stock:
Basic	$	0.73			$	0.48			$	1.21			$	0.70
Diluted	$	0.72			$	0.48			$	1.20			$	0.70


⁽¹⁾	Excludes the effect of out-of-the-money options for 1,108,946 shares of common stock at September 30, 2012.