XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Electric Operating Revenues $ 332,868us-gaap_ElectricUtilityRevenue $ 328,897us-gaap_ElectricUtilityRevenue
Operating Expenses:    
Cost of energy 115,645us-gaap_CostOfGoodsSoldElectric 112,614us-gaap_CostOfGoodsSoldElectric
Administrative and general 43,859us-gaap_GeneralAndAdministrativeExpense 43,859us-gaap_GeneralAndAdministrativeExpense
Energy production costs 42,669us-gaap_ElectricProductionExpense 47,288us-gaap_ElectricProductionExpense
Regulatory disallowances 215pnm_RegulatoryDisallowance 0pnm_RegulatoryDisallowance
Depreciation and amortization 45,461us-gaap_CostOfServicesDepreciationAndAmortization 41,965us-gaap_CostOfServicesDepreciationAndAmortization
Transmission and distribution costs 16,487pnm_TransmissionAndDistributionCosts 16,906pnm_TransmissionAndDistributionCosts
Taxes other than income taxes 18,963us-gaap_UtilitiesOperatingExpenseTaxes 17,512us-gaap_UtilitiesOperatingExpenseTaxes
Total operating expenses 283,299us-gaap_UtilitiesOperatingExpense 280,144us-gaap_UtilitiesOperatingExpense
Operating income 49,569us-gaap_OperatingIncomeLoss 48,753us-gaap_OperatingIncomeLoss
Other Income and Deductions:    
Interest income 1,750us-gaap_InvestmentIncomeInterest 2,117us-gaap_InvestmentIncomeInterest
Gains on available-for-sale securities 4,024us-gaap_GainLossOnInvestments 2,573us-gaap_GainLossOnInvestments
Other income 4,961us-gaap_OtherIncome 1,574us-gaap_OtherIncome
Other (deductions) (3,662)us-gaap_OtherExpenses (2,931)us-gaap_OtherExpenses
Net other income and deductions 7,073us-gaap_OtherNonoperatingIncomeExpense 3,333us-gaap_OtherNonoperatingIncomeExpense
Interest Charges 30,273us-gaap_InterestExpense 29,535us-gaap_InterestExpense
Earnings before Income Taxes 26,369us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 22,551us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income Taxes 8,517us-gaap_IncomeTaxExpenseBenefit 6,420us-gaap_IncomeTaxExpenseBenefit
Net Earnings 17,852us-gaap_ProfitLoss 16,131us-gaap_ProfitLoss
(Earnings) Attributable to Valencia Non-controlling Interest (3,380)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (3,531)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Preferred Stock Dividend Requirements of Subsidiary (132)us-gaap_DividendsPreferredStock (132)us-gaap_DividendsPreferredStock
Net Earnings Attributable to PNMR 14,340us-gaap_NetIncomeLoss 12,468us-gaap_NetIncomeLoss
Net Earnings Available for PNM Common Stock 14,340us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 12,468us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net Earnings Attributable to PNMR per Common Share:    
Basic (dollars per share) $ 0.18us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.16us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Diluted (dollars per share) $ 0.18us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.16us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Dividends Declared per Common Share (dollars per share) $ 0.200us-gaap_CommonStockDividendsPerShareDeclared $ 0.185us-gaap_CommonStockDividendsPerShareDeclared
Public Service Company of New Mexico [Member]    
Electric Operating Revenues 261,940us-gaap_ElectricUtilityRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
262,736us-gaap_ElectricUtilityRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Operating Expenses:    
Cost of energy 97,866us-gaap_CostOfGoodsSoldElectric
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
96,626us-gaap_CostOfGoodsSoldElectric
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Administrative and general 39,567us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
38,609us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Energy production costs 42,669us-gaap_ElectricProductionExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
47,288us-gaap_ElectricProductionExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Regulatory disallowances 215pnm_RegulatoryDisallowance
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
0pnm_RegulatoryDisallowance
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Depreciation and amortization 28,403us-gaap_CostOfServicesDepreciationAndAmortization
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
27,082us-gaap_CostOfServicesDepreciationAndAmortization
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Transmission and distribution costs 10,769pnm_TransmissionAndDistributionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
11,327pnm_TransmissionAndDistributionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Taxes other than income taxes 10,796us-gaap_UtilitiesOperatingExpenseTaxes
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
10,500us-gaap_UtilitiesOperatingExpenseTaxes
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Total operating expenses 230,285us-gaap_UtilitiesOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
231,432us-gaap_UtilitiesOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Operating income 31,655us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
31,304us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Other Income and Deductions:    
Interest income 1,771us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
2,128us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Gains on available-for-sale securities 4,024us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
2,573us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Other income 3,392us-gaap_OtherIncome
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
1,113us-gaap_OtherIncome
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Other (deductions) (1,606)us-gaap_OtherExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
(2,018)us-gaap_OtherExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Net other income and deductions 7,581us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
3,796us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Interest Charges 19,959us-gaap_InterestExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
19,812us-gaap_InterestExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Earnings before Income Taxes 19,277us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
15,288us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Income Taxes 5,775us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
4,083us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Net Earnings 13,502us-gaap_ProfitLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
11,205us-gaap_ProfitLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
(Earnings) Attributable to Valencia Non-controlling Interest (3,380)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
(3,531)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Preferred Stock Dividend Requirements of Subsidiary (132)us-gaap_DividendsPreferredStock
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
(132)us-gaap_DividendsPreferredStock
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Net Earnings Attributable to PNMR 10,122us-gaap_NetIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
7,674us-gaap_NetIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Net Earnings Available for PNM Common Stock 9,990us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
7,542us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_PublicServiceCompanyOfNewMexicoMember
Texas-New Mexico Power Company [Member]    
Electric Operating Revenues 70,928us-gaap_ElectricUtilityRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
66,161us-gaap_ElectricUtilityRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Operating Expenses:    
Cost of energy 17,779us-gaap_CostOfGoodsSoldElectric
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
15,988us-gaap_CostOfGoodsSoldElectric
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Administrative and general 9,833us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
9,840us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Depreciation and amortization 13,458us-gaap_CostOfServicesDepreciationAndAmortization
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
11,842us-gaap_CostOfServicesDepreciationAndAmortization
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Transmission and distribution costs 5,718pnm_TransmissionAndDistributionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
5,579pnm_TransmissionAndDistributionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Taxes other than income taxes 6,209us-gaap_UtilitiesOperatingExpenseTaxes
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
5,650us-gaap_UtilitiesOperatingExpenseTaxes
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Total operating expenses 52,997us-gaap_UtilitiesOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
48,899us-gaap_UtilitiesOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Operating income 17,931us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
17,262us-gaap_OperatingIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Other Income and Deductions:    
Interest income 0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
0us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Other income 1,540us-gaap_OtherIncome
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
420us-gaap_OtherIncome
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Other (deductions) (249)us-gaap_OtherExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
(231)us-gaap_OtherExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Net other income and deductions 1,291us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
189us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Interest Charges 6,925us-gaap_InterestExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
6,598us-gaap_InterestExpense
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Earnings before Income Taxes 12,297us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
10,853us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Income Taxes 4,603us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
4,050us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Net Earnings 7,694us-gaap_ProfitLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
6,803us-gaap_ProfitLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
(Earnings) Attributable to Valencia Non-controlling Interest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Preferred Stock Dividend Requirements of Subsidiary 0us-gaap_DividendsPreferredStock
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
0us-gaap_DividendsPreferredStock
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Net Earnings Attributable to PNMR 7,694us-gaap_NetIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
6,803us-gaap_NetIncomeLoss
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
Net Earnings Available for PNM Common Stock $ 7,694us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember
$ 6,803us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementBusinessSegmentsAxis
= pnm_TexasNewMexicoPowerCompanyMember