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Sale of First Choice
12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Sale of First Choice
Sale of First Choice
PNMR completed the sale of First Choice, which was also a subsidiary of TNP, on November 1, 2011. First Choice was a competitive REP operating in Texas. The amount received was subject to adjustment based on the actual amounts of the components of working capital at October 31, 2011. In 2012, PNMR received an additional amount and recorded a pre-tax gain of $1.0 million, which is included in Other income in the Consolidated Statements of Earnings. PNMR Services Company continued to provide certain services at cost to First Choice for a transitional period through August 1, 2012. Because PNMR continues to have direct cash flows resulting from transmission and distribution services provided by TNMP to First Choice, First Choice is not reflected as discontinued operations.