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Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Electric Operating Revenues $ 413,951 $ 399,730 $ 1,089,008 $ 1,064,993
Operating Expenses:        
Cost of energy 132,499 114,674 354,532 325,039
Administrative and general 42,190 46,915 131,283 134,744
Energy production costs 43,287 41,142 136,422 131,546
Regulatory disallowances 0 1,735 0 1,735
Depreciation and amortization 44,295 42,743 128,424 125,189
Transmission and distribution costs 16,884 17,248 49,857 50,690
Taxes other than income taxes 17,997 17,534 51,641 49,739
Total operating expenses 297,152 281,991 852,159 818,682
Operating income 116,799 117,739 236,849 246,311
Other Income and Deductions:        
Interest income 2,084 2,264 6,241 7,731
Gains on available-for-sale securities 962 2,188 8,234 6,935
Other income 2,895 3,254 7,648 7,577
Other (deductions) (2,084) (5,970) (7,185) (13,516)
Net other income and deductions 3,857 1,736 14,938 8,727
Interest Charges 30,115 30,365 89,621 92,279
Earnings before Income Taxes 90,541 89,110 162,166 162,759
Income Taxes 31,055 30,296 53,368 58,600
Net Earnings 59,486 58,814 108,798 104,159
(Earnings) Attributable to Valencia Non-controlling Interest (3,701) (4,127) (11,140) (10,904)
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Attributable to PNMR 55,653 54,555 97,262 92,859
Net Earnings Available for PNM Common Stock 55,653 54,555 97,262 92,859
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 0.70 $ 0.68 $ 1.22 $ 1.16
Diluted (dollars per share) $ 0.69 $ 0.68 $ 1.21 $ 1.15
Dividends Declared per Common Share (dollars per share) $ 0.185 $ 0.165 $ 0.555 $ 0.495
Tnmp Electric [Member]
       
Electric Operating Revenues 78,958 73,704 215,574 201,384
Operating Expenses:        
Cost of energy 17,402 14,474 50,167 41,324
Administrative and general 9,230 10,641 27,839 32,446
Depreciation and amortization 13,432 13,850 37,276 37,810
Transmission and distribution costs 6,191 5,562 17,655 17,270
Taxes other than income taxes 6,830 6,923 18,238 17,558
Total operating expenses 53,085 51,450 151,175 146,408
Operating income 25,873 22,254 64,399 54,976
Other Income and Deductions:        
Interest income 0 0 0 0
Other income 1,072 820 2,078 1,765
Other (deductions) (279) (104) (583) (356)
Net other income and deductions 793 716 1,495 1,409
Interest Charges 6,870 6,655 20,122 20,661
Earnings before Income Taxes 19,796 16,315 45,772 35,724
Income Taxes 7,441 6,209 17,081 13,554
Net Earnings 12,355 10,106 28,691 22,170
(Earnings) Attributable to Valencia Non-controlling Interest 0 0 0 0
Preferred Stock Dividend Requirements 0 0 0 0
Net Earnings Attributable to PNMR 12,355 10,106 28,691 22,170
Net Earnings Available for PNM Common Stock 12,355 10,106 28,691 22,170
Pnm Electric [Member]
       
Electric Operating Revenues 334,993 326,026 873,434 863,609
Operating Expenses:        
Cost of energy 115,097 100,200 304,365 283,715
Administrative and general 37,519 40,679 116,731 116,058
Energy production costs 43,287 41,142 136,422 131,546
Regulatory disallowances 0 1,735 0 1,735
Depreciation and amortization 27,524 25,879 81,629 77,763
Transmission and distribution costs 10,693 11,686 32,202 33,420
Taxes other than income taxes 10,258 9,488 30,359 28,613
Total operating expenses 244,378 230,809 701,708 672,850
Operating income 90,615 95,217 171,726 190,759
Other Income and Deductions:        
Interest income 2,102 2,298 6,295 7,839
Gains on available-for-sale securities 962 2,188 8,234 6,935
Other income 1,804 2,398 5,359 5,329
Other (deductions) (1,197) (2,375) (4,844) (5,287)
Net other income and deductions 3,671 4,509 15,044 14,816
Interest Charges 20,092 20,124 59,927 59,971
Earnings before Income Taxes 74,194 79,602 126,843 145,604
Income Taxes 25,142 27,652 42,331 49,184
Net Earnings 49,052 51,950 84,512 96,420
(Earnings) Attributable to Valencia Non-controlling Interest (3,701) (4,127) (11,140) (10,904)
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Attributable to PNMR 45,351 47,823 73,372 85,516
Net Earnings Available for PNM Common Stock $ 45,219 $ 47,691 $ 72,976 $ 85,120