Related Party Transactions

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
	(In thousands)
Services billings:
PNMR to PNM	$	22,190	$	20,837	$	43,256	$	43,489
PNMR to TNMP	6,963		6,856		14,224		14,217
PNM to TNMP	133		133		242		241
TNMP to PNMR	—		2		—		4
Interest billings:
PNMR to TNMP	83		119		180		215
PNMR to PNM	—		—		54		1
PNM to PNMR	25		37		51		78
Income tax sharing payments:
PNMR to PNM	—		45,000		—		45,000
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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