Related Party Transactions

3 Months Ended

Mar. 31, 2014

PNMR, PNM, and TNMP are considered related parties as defined under GAAP. PNMR Services Company provides corporate services to PNMR and its subsidiaries in accordance with shared services agreements. The table below summarizes the nature and amount of related party transactions of PNMR, PNM, and TNMP:



	Three Months Ended
	March 31,
	2014		2013
	(In thousands)
Services billings:
PNMR to PNM	$	21,066	$	22,652
PNMR to TNMP	7,261		7,361
PNM to TNMP	109		108
TNMP to PNMR	—		2
Interest billings:
PNMR to TNMP	96		96
PNMR to PNM	53		1
PNM to PNMR	26		41
Income tax sharing payments:
PNMR to PNM	—		—
PNMR to TNMP	—		—

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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