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v2.4.1.9

Financing (Tables) | 12 Months Ended
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Dec. 31, 2014
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Short-term debt outstanding consists of:
|  | December 31,
Short-term Debt |  | 2014 |  | 2013
|  | (In thousands)
PNM: |  |  |  |
Revolving Credit Facility |  | $ | — |  |  | $ | 49,200 |
PNM New Mexico Credit Facility |  | — |  |  | — |
TNMP Revolving Credit Facility |  | 5,000 |  |  | — |
PNMR |  |  |  |
Revolving Credit Facility |  | 600 |  |  | — |
PNMR Term Loan Agreement |  | 100,000 |  |  | 100,000 |
|  | $ | 105,600 |  |  | $ | 149,200 |
Schedule of Long-term Debt Instruments | Information concerning long-term debt outstanding is as follows:
|  | December 31,
Long-term Debt |  | 2014 |  | 2013
|  | (In thousands)
PNM Debt |  |  |  |
Senior Unsecured Notes, Pollution Control Revenue Bonds: |  |  |  |
4.875% due 2033 |  | $ | 146,000 |  |  | $ | 146,000 |
6.25% due 2038 |  | 36,000 |  |  | 36,000 |
4.75% due 2040, mandatory tender at June 1, 2017 |  | 37,000 |  |  | 37,000 |
5.20% due 2040, mandatory tender at June 1, 2020 |  | 40,045 |  |  | 40,045 |
5.90% due 2040 |  | 255,000 |  |  | 255,000 |
6.25% due 2040 |  | 11,500 |  |  | 11,500 |
2.54% due 2042, mandatory tender at June 1, 2017 |  | 20,000 |  |  | 20,000 |
4.00% due 2043, mandatory tender at June 1, 2015 |  | 39,300 |  |  | 39,300 |
5.20% due 2043, mandatory tender at June 1, 2020 |  | 21,000 |  |  | 21,000 |
Senior Unsecured Notes: |  |  |  |
7.95% due 2018 |  | 350,000 |  |  | 350,000 |
7.50% due 2018 |  | 100,025 |  |  | 100,025 |
5.35% due 2021 |  | 160,000 |  |  | 160,000 |
PNM Term Loan Agreement due 2014 |  | — |  |  | 75,000 |
PNM Term Loan Agreement due 2015 |  | 175,000 |  |  | — |
PNM Multi-draw Term Loan due 2016 |  | 100,000 |  |  | — |
Unamortized premiums (discounts) |  | (213 | ) |  | (252 | )
|  | 1,490,657 |  |  | 1,290,618 |
Less current maturities |  | 214,300 |  |  | 75,000 |
|  | 1,276,357 |  |  | 1,215,618 |
TNMP Debt |  |  |  |
First Mortgage Bonds: |  |  |  |
2011 Term Loan Agreement, due 2014 |  | — |  |  | 50,000 |
9.50% due 2019, Series 2009A |  | 172,302 |  |  | 172,302 |
6.95% due 2043, Series 2013A |  | 93,198 |  |  | 93,198 |
4.03% due 2024, Series 2014A |  | 80,000 |  |  | — |
Unamortized premiums (discounts) |  | 20,167 |  |  | 20,536 |
|  | 365,667 |  |  | 336,036 |
Less current maturities |  | — |  |  | — |
|  | 365,667 |  |  | 336,036 |
PNMR Debt |  |  |  |
Senior unsecured notes, 9.25% due 2015 |  | 118,766 |  |  | 118,766 |
Less current maturities |  | 118,766 |  |  | — |
|  | — |  |  | 118,766 |
Total Consolidated PNMR Debt |  | 1,975,090 |  |  | 1,745,420 |
Less current maturities |  | 333,066 |  |  | 75,000 |
|  | $ | 1,642,024 |  |  | $ | 1,670,420 |
Schedule of Maturities of Long-term Debt | Reflecting mandatory tender dates, long-term debt matures as follows:
| PNMR |  | PNM |  | TNMP |  | PNMR Consolidated
| (In thousands)
2015 | $ | 118,766 |  |  | $ | 214,300 |  |  | $ | — |  |  | $ | 333,066 |
2016 | — |  |  | 100,000 |  |  | — |  |  | 100,000 |
2017 | — |  |  | 57,000 |  |  | — |  |  | 57,000 |
2018 | — |  |  | 450,025 |  |  | — |  |  | 450,025 |
2019 | — |  |  | — |  |  | 172,302 |  |  | 172,302 |
Thereafter | — |  |  | 669,545 |  |  | 173,198 |  |  | 842,743 |
Total | $ | 118,766 |  |  | $ | 1,490,870 |  |  | $ | 345,500 |  |  | $ | 1,955,136 |
Borrowing Arrangements Between PNMR and its Subsidiaries PNMR has one-year intercompany loan agreements with its subsidiaries. Individual subsidiary loan agreements vary in amount up to $100.0 million and have either reciprocal or non-reciprocal terms. Interest charged to the subsidiaries is equivalent to interest paid by PNMR on its short-term borrowings. As of December 31, 2014 and 2013, PNM had outstanding borrowings of zero and $32.5 million and TNMP had outstanding borrowings of $22.7 million and $29.4 million from PNMR. At February 20, 2015, PNM and TNMP had borrowings of zero and $17.3 million from PNMR.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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