Related Party Transactions

6 Months Ended

Jun. 30, 2015

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,
	2015		2014		2015		2014
	(In thousands)
Services billings:
PNMR to PNM	$	21,340	$	22,190	$	44,067	$	43,256
PNMR to TNMP	6,591		6,963		13,680		14,224
PNM to TNMP	184		133		288		242
TNMP to PNMR	—		—		—		—
Interest billings:
PNMR to TNMP	54		83		133		180
PNMR to PNM	22		—		28		54
PNM to PNMR	26		25		55		51
Income tax sharing payments:
PNMR to PNM	—		—		1,450		—
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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